BCI IOH

Just one remaining question. If they don't make to 90% will they...

  1. mc117
    407 Posts.
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    26/09/14
    13:52
    Post #: 14034241
    Just one remaining question. If they don't make to 90% will they walk, or live with the minorities?

    From the offer doc:
    (b) Minimum acceptance
    At the end of the Offer Period, BC Iron has a Relevant Interest in at least 90% of the IOH
    Shares (on a fully diluted basis).

    As at 24/9 they were only at 78.09%.
    IOH Price at posting: 82.5¢ Sentiment: None Disclosure: Not Held
    BCI Price at posting: $1.72 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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