1. well it seems to me that many people on here are saying the...

1. well it seems to me that many people on here are saying the board have done them wrong or done something sneaky.. which I am interested by. Even you stated the chinese buying would be interesting, which I am curious on which chinese and why are they buying? Where is the link to this info?

2. It's from the scheme of arrangement.. You know.. the thing you're meant to read... I've done a capture for you, page 27 for future reference.


3. I'm not sure exactly what you mean here.. If any company goes above 5% shareholding they would have to announce as a substantial shareholder within 3 days, similarly, if a substantial holder buys/sells they have to announce within 3 days also or else continuous disclosure is broken.

Secondly, it depends what you mean by 'viable' position... assuming they want to aim for 20% of the shares (general takeover position), this would be extremely tough as tremont owns ~19.6% and the directors own above 45% and they are locked to the tremont agreement (as per the passage above)...

This is the top 20 broken down with the recent announcement. Blue lines are directors. Red lines are tremont's 2 shareholdings. Yellow is others who would be your potential bidders. The red+blue are almost 65% and the yellow are roughly 17%. I had to guess the tremont shareholdings based on the fact they had 19.6%, but the top one was obvious and the second was the only one that worked to get there.