EAR 0.75% 33.3¢ echo resources limited

from bad to worse, page-47

  1. 2,185 Posts.
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    My understanding is they aren't able to buy stock on market once through 20% as it would trigger take over due to corporations act. They are only through 20% due to the placement.. any on market buying by NST will force a take over bid or a notice explaining their intention..

    The move now looks to be a genuine rerate, this move could and likely will trigger action if infact NST are about to pounce
    .

    All my opinion and speculation
 
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