FMS 0.43% $1.17 flinders mines limited

Ann: ASX Approval to De-List, page-11

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  1. 339 Posts.
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    It’s very likely they won’t even make 75% ( think that’s their current objective). They want 10% from unmarketable shares and a 10% acceptance to their buy back so they have the golden 75%. They will be needing OCJ or FMSU shares to accomplish the 10% buy back even though they will probably get the unmarketable parcel as these SHs probably won’t bother to reply so FMS Aquire by default. My guess is they could still be sub 70% and as ASX informed me, they still have to comply fully with the Corporation Act where ASIC comes into play, even if delisted. Let me know if you have a different scenario as considering buying more after acquiring another 200000 at 4.1c last week.
    Don’t treat as advise in anyway, just my thoughts!
 
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