It is not compulsory unless they reach 90%, which I believe is not likely and is not really their intentions. They will need to increase the offer to achieve this %.
The benefit of staying in is you are a beneficiary of the major shareholders actions in moving forward. You ride on their back to production or on selling at a higher price.
The fair price for this stock was 8-10 cents remembering we have traded at 17 cents in the recent past. There has also been analysts suggesting this stock could be valued between 38 - 42c so Hanking Progressing this resource will benefit minor shareholders as much as themselves.
I believe there is a lot more money to be made in this stock now that Hanking have control and funding is now guaranteed from their pocket.
I believe if they want more the share price will start to increase.
My thoughts of course based on my investment experience.
Add to My Watchlist
What is My Watchlist?
