The whole '%' thing will get interesting.
Greenstone and GLENCORE hold 25% and we've heard nothing from them.
The 'long standing private share holders of Avanco Resources' could hold up to ( or more?) 15%.
That sums to 40%.
Seems to be further support in this forum.
OZL get the Appian shares 15 days into the TO period if no other offer emerges at that time. That's 18.45%.
BR now seem to be hedging there bets a little with their 11%.
Let's say they get that, and it's 30%.
I can see them getting to around 55% within the TO period and it automatically extends for 14 days.
What happens then?
We need to fully understand that period to make informed decisions.
AVB
Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
