ASF have shown their hand, maybe a little bit early.There must...

ASF have shown their hand, maybe a little bit early.
There must be something of value in the tenements if they want to buy out the company - personally I would like a 10c offer :-)

Was not suprised by this at all - its the PRCs standard method of operation in Oz speccs (and I include HK investors as just another branch of the PRC).
I wouldnt be suprised if they have been using their considerable holdings or other puppet holders to "help" the SP along whenever the price looked like going for a run.

I hope management have a RELIABLE SI lined up. One way out of this is a fairly substantial placement to dilute ASF out of the game - bad for us, but better than a 2c buyout IMHO.

I also believe Management dont have a renumeration strike against them, which is a bonus.
However if ASF are smart they will already have a whole bunch of puppets on the register under the 5%, which could make anything that relies on SH vote a bit risky.