re: Ann: IGO: IGO Takeover of JML - Investor ... IGO Directors if you are reading this and you want to get a 90% holding of JML you need to give the premium that was stated in writing.
You can only extend the offer so many times, so in order to achieve a 90% holding in JML, the share price will need to be as close to $1.00 as possible to encourage the other 58% of JML holders that you need to roll over to IGO, which is what you require to get this take over over the line.
Volatile market or not, thats what needs to be done.
Your offer a premium, and thats what share holders expect.
Top 20 holders in JML hold 60% of stock.
IGO have got 32% across the line, so it appears to me that some of the major holders are not willing at the moment and are sitting on there hands just like me.
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Last
$5.09 |
Change
-0.110(2.12%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $5.11 | $5.20 | $5.09 | $15.77M | 3.077M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 44376 | $5.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.10 | 48941 | 4 |
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