BON bonaparte diamond mines nl

Basically your shares will be theirs and they'll still have...

  1. 9,305 Posts.
    lightbulb Created with Sketch. 1119
    Basically your shares will be theirs and they'll still have sufficient to run the company. There is a level over 50% at which they could apply to the ASX for delisting in which case those who don't accept would not be able to sell on market. I'm a bit rusty and can't recall the trigger levels or criteria, I think it needs to drop below a certain number of shareholders and I think it might be 70%up?

    Anyway there's a bit of time yet before we need to worry about things like that. I would think there would be a good chance that they would try to mop up the balance on market as small shareholders can be a real nuisance for companies that acquire more than 50% but less than 90%. Another tactic they use is to try and dilute the minority out.

    I'm going to hold as long as I can.
 
watchlist Created with Sketch. Add BON (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.