The development of the exploration decline continued during the period with 211 metres now complete as at 20 October 2021. Planning has commenced for the first ventilation shaft which is scheduled to begin in the next quarter2. Works to progress the necessary approvals and permits that are required to commence the development of an operating underground mine and associated infrastructure at the Project are ongoing34.
No...I'm saying that if the Bidder had been buying in the last 12 months, he can't offer less than the maximum HE paid for any of the shares. So if he had accumulated 10% at a maximum price of £10 per share, then £10 would have to be the minimum offer. Doesn't matter that the price hit £ 12.25
So... If a Bidder had been buying in the last 12 months and had picked up 10% or more in that period....and for example had paid a maximum of £10 for shares in the previous 12 months, then the minimum offer has to be £10. I'm not a lawyer so I might be wring....