the asx rule is notification of substantial shareholdings ie >5% have to be reported IN A REASONABLE time. 2weeks perhaps is acceptable in extenuating circumstances but otherwise we should have a 'substantial' report in the next few days.
since this block is >10% it is perhaps a blocking stake to prevent other parties proceeding with a T/O.
hoever it could also mean that some desperation is being shown by this prospective suitor otherwise after proving the resource at the adjoining tenement the price cld be much higher than 76
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- who paid 76c ps for 10pc of cfe
who paid 76c ps for 10pc of cfe, page-9
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