A takeover offer does seem a likely opportunist possibility now that the company is clearly on a growth trajectory.
If that is the case, I wonder what premium to the current SP will be needed to flush out sufficient sellers to reach 90% threshold?
I've been a patient holder since 2005 and even though I've built up my holding to 4m shares over recent years and averaged my cost down to 1.6c, I wont sell for less than 5c at this time. I doubt that an offer anywhere near that figure is remotely likely.
If the growth that BLT is achieving is occurring in China I believe the future potential is huge, so I'd rather stay on board and enjoy the ride than sell out now.
Of course, the Trading Halt may be nothing to do with a takeover at all so watching and waiting with a great deal of anticipation.
BLT has certainly been an "interesting" investment.!