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09/05/18
18:21
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Originally posted by M0ntg0mery
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Okay Fish. Let's weigh up the facts. Appian and our greedy board of directors (with millions to gain overnight) have accepted this offer, along with 4% retail mums and dads. BR have placed their lot into IAF. Bringing a grand total of 35% potential acceptances. Ie appears at this stage approx one third believe 17c is "fair", while the majority, including the 2 G's and Kalenn's rebels, sending a clear message of DONT ACCEPT. So to answer your question - no, 25c isn't a stretch. Let's see how this pans out. OZL have signalled they definitely want 100%, would be happy with an initial 50.1%, but reality is they only have 35%. Plenty more to unfold here IMHO. PS do yourself a favour and familiarise again with Kalenn's spreadsheet, and or several independent valuations that had Avanco north of 20c without Centro approval - and we know where that's likely to end up. Cheers
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I don't need or want Kalenn's spreadsheets, I have my own data.
OZL have extended the bid so people have a better chance of thinking correctly imo, so they can work out whats best for them in the long run, there are many complicated angles running here and no one knows whats going to happen yet, although your welcome aboard.