This is where theFlinders Mines offer surprises investors
So as you can see not my saying but from this item that I found on the net, not sure if it was really said at AGM, maybe someone who was there could comment
Richard Hemming
November 25, 2011Read later
.
The announcement that Flinders Mines today recommended the 30 cents a share offer from a Russian steel producer might be a surprise to those shareholders who bothered to listen to the company's comments at its AGM only last Tuesday where the miner said the shares were worth as much as $1.73.
In case you missed it, Magnitogorsk Iron and Steel offered to buy all issued shares in Flinders Mines for 30 cents a share in cash, which is worth $554 million. This is almost double the 16.5 cents that Flinders' shares traded at prior to their trading halt on Wednesday
$1.73 a share comes from:
Add to My Watchlist
What is My Watchlist?