had a read of target statement
the shares that were issued around bid time at 25c or so relate to debt conversion and conversion was at lenders election .
looking thru the history the bullseye board and the Chinese have had a ding dong going on for around 4 years, and haven’t had any joy with past takeover panel applications.
only concern is they hold around 14% of bullseye - can potentially stop compulsorily acquisition but can’t stop any special resolution. Which needs at least 75%
not sure what the Chinese end game is here - they are a minority stuck in an unlisted small producer reliant on toll treating. Hardly a compelling prospect.
I am sure EMR have a plan and will give the appropriate response.
had a read of target statement the shares that were issued...
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Last
$3.77 |
Change
-0.030(0.79%) |
Mkt cap ! $2.476B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.80 | $3.72 | $9.684M | 2.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17013 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 266 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| EMR (ASX) Chart |