Re: Control
in response to
by
HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Re: Control
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Jan 27, 2009 03:19PM
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Jan 27, 2009 04:55PM
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Jan 27, 2009 05:49PM
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Jan 27, 2009 08:06PM
Correct me if I am wrong.
It has been stated that at present, Institutional holdings are approximately 55% and therefore retail 45%.
In the event that there was an unsolicited take-over bid, retail's 45% would certainly have a say. As in the UTS unsolicited hostile takeover bid, 66.7% have 60 days to accept the offer. Will over 20% of retail accept such an offer? Not likely.
UTS's breakdown of institutional vs retail shareholder's will differ from ours but the fact remains that we retail here at Noront do in fact have some leverage.
Cheers,
Milsy1
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