There are condition to compulsory acquisition under the Corporations Act and the option is only available after formal take over where 90% of outstanding capital has been acquired.
From my experience, the share register of CUE is riddled with small shareholders and includes funds that have a relatively insignificant stake. I know because I wrote to all those holding 50k or more share in 2016! Given that there's essentially 35% of "free-float" in the CUE register and SPC/CNOOC, who wont sell less than their acquisition price of $0.30+, OG/NZOG will have buckley's of getting to 90%!
The Cue Small Shareholder Group represents over 5% of the register and over 98% of the holders have remained in the group for the 3 years since inception. This group is informed and appraised of the upside in CUE, particularly in respect of the Ironbark prospect.
All current CUE holders are welcome to join the Cue Small Shareholder Group ([email protected])
PS. Enjoying this SP spike that's a long time coming...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.86M |
Open | High | Low | Value | Volume |
9.8¢ | 10.3¢ | 9.7¢ | $80.76K | 814.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 306547 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.100 |
2 | 100000 | 0.099 |
2 | 177174 | 0.098 |
3 | 310087 | 0.097 |
4 | 218873 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 306547 | 4 |
0.110 | 441547 | 5 |
0.115 | 20781 | 1 |
0.120 | 47429 | 1 |
0.000 | 0 | 0 |
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