As the below ASX announcement stated they did not get their 90% but I doubt they will pull out it would mean selling at a lower price. Be interesting to see price action on OLY OLYO OLYOB today and in the months ahead. I feel TTY will turn this puppy around initially sp will tank and make good buying opportunities for long term holders.
I only hold the ops now.
"Territory gives notice pursuant to ASX Listing Rule 3.3 that:
(a) as at 5.00 pm (WST) on 26 April 2008, Territory and its associate Territory Mineral
Sands Pty Ltd have a relevant interest in 100,572,910 Olympia shares representing
voting power in Olympia of 64.76%; and
(b) as Territory and its associates have acquired a relevant interest in less than 90% of
the ordinary shares on issue in Olympia, compulsory acquisition will not be
proceeding.
Yours sincerely,
Patrick McCole
Company Secretar
As the below ASX announcement stated they did not get their 90%...
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