As the below ASX announcement stated they did not get their 90% but I doubt they will pull out it would mean selling at a lower price. Be interesting to see price action on OLY OLYO OLYOB today and in the months ahead. I feel TTY will turn this puppy around initially sp will tank and make good buying opportunities for long term holders. I only hold the ops now.
"Territory gives notice pursuant to ASX Listing Rule 3.3 that: (a) as at 5.00 pm (WST) on 26 April 2008, Territory and its associate Territory Mineral Sands Pty Ltd have a relevant interest in 100,572,910 Olympia shares representing voting power in Olympia of 64.76%; and (b) as Territory and its associates have acquired a relevant interest in less than 90% of the ordinary shares on issue in Olympia, compulsory acquisition will not be proceeding. Yours sincerely, Patrick McCole Company Secretar
OLY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
