Plough,
Subject to 19.9% threshold the answer is yes, but then maybe MAL will pick up the balance of the 20m securities. What surprises me and suggests the deal was done in a hurry was that there was no agreement on placement beforehand to get to 19.9% without having to buy on market.
Given the lack of buying today it would suggest that TTY might be close to the limit(allowing for some of the placement).
The history of OLY is not flash, with shareholders being sold down the river by extremely poor capital management and bucket loads of avarice.
Anyway, the big question is who is going to be the beneficiary of the way forward, OLY's shareholders or the predator TTY.
Maybe some of the questions may be answered at next weeks AGM. At least it might be a civil affair this year and not resembling the batttlefields of the Somme with the directors on the podium fighting off the disaffected shareholders firing shots from the trenches. Indeed the AGM might be a tad dull after the last two, but at least there will be another AGM, which was starting to look doubtful the way it was all heading with the previous mob.
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.991M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 98798 | 1 |
Last trade - 11.37am 04/12/2024 (20 minute delay) ? |
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