Westgold have bought another 800,000 shares bringing their total to 20.13% of Aragon.
While usually this would trigger a compulsory takeover bid, in this case since they already owned 19.75% they can buy up to an additional 3% of us every 6 months without making a bid under the '3% creep' legislation.
Crazy! Whats Cooks plan here? Maybe he will acquire 100% of Aragon 3% at a time between himself, Metals X and Westgold!
AAG Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held