Ann: On-Market Takeover Offer for Richfield International Ltd,RIS-MVT.AX, page-10

On market is a Brierley tactic - going straight to the shareholders rather than asking the Directors for their view.
I sense from small pieces of info gleaned about 6 -9 months ago, the 'insiders etc' are hostile to any Brierley intervention into their 'closed shop'. This is a vintage Brierley tactic for this who remember how he established himself first in Brierley Investments (NZ the Aust) then Industrial Equity (Aust 1980s) to get something happening.