according to the prospectus the yr10 top 20 held 45% now they hold 62%, I would think it reasonable given the current immediate outlook for iron ore and steel that they will vote yes. Investment houses are in it for the long haul sometimes but they never turn down a profit especially when there is uncertainty.
sorry forgot the rest of my maths bit. it was 80 days at 50 mill thats 4 bill
324 days roughly from 7/9/10 till now where there have been days under 45c as the buy/sell price. The down days have seemed a little lower than the days above 45c. so ill put them at estimate 40 mill so almost 13 bill
so outstanding holders who brought after roughly 9/10 will likely vote in favour 4/13
38% not held by insto's maximum 11% will vote no.
thats my guess. Thats why I put money in the game.
SDL Price at posting:
38.5¢ Sentiment: ST Buy Disclosure: Held
