Post by
phoenix_trader on Sep 22, 2020 9:19am
From Hot Copper - Goldfield call option.
GF's call option period commences on a superior offer (than Nord's initial $0.46 offer) becoming unconditional. So now with Shandong unconditional GF's option period commencing (I think the period lasts for 4-days from memory), we will likely see GF's exercise their option and Nord will lose approximately 16% of their holding. Pressures on Nord now..