Dcrowe, a T/O offer would have to be at least at a 30-40% premium to recent vwap, which at 13.5c roughly would make it at least 18c from here. I have to agree with pominoz - too much value at 17/18c to get an offer at that level over the line, i would think north of 20c more likely to succeed. Not that i think a T/O is whats happening btw.
Cheers, Sharks.
Ann: Change in substantial holding , page-9
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