Sarg, are you familiar with the requirements under which substantial share holder's must report ?
St Barbara WERE NOT STEALTHILY buying on market to build to their current level.
The first holding in Peel that St Barbara acquired was a 9.5% holding on April 04 2017. That puts them above the 5% reporting threshold. Meaning any addition or subtraction to a holding above 5% must be reported to the ASX under substantial shareholding declaration requirements. All shares SBM have acquired have been via placements from Peel.
SBM can add an additional 2% of Peels capital to their holding before crossing the threshold at which a bid must be launched.
We all welcome your input on the debate. But please try & keep it accurate.
Sarg, are you familiar with the requirements under which...
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Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 119334 | 11.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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