Linchip had no shares as they were distributed to its members before the FAS takeover. They had 14m at one stage and these were distributed to its members before the FAS takeover. Most members accepted the takeover except for a couple of people who decided not to.
Linchip had no shares and then all of a sudden after the joiners tenements were purchased, Linchip had shares again along with Malcolm and John.
Also, most of the big linchip crew were involved with opes so most lost whether they accepted the takeover or not.
DYOR
GWR Price at posting:
39.0¢ Sentiment: LT Buy Disclosure: Held
