NGF norton gold fields limited

wake up australia..., page-4

  1. 238 Posts.
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    Could take up to 6 months.

    minimum period is 6 weeks for bidders statement to go to shareholders at which point the acceptance period is 1 month but can be extended up to a maximum of 6 months.

    they would only extend to get enough shares over the line. i'll be reading the document carefully over the weekend, the 50.1% acceptance condition i presume is the minimum votes needed (including what they hold already) to scrape through.

    the inverse nature of the aud should provide a buffer against usd pog over the coming months.

 
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