Most people invested in OMC are invested for the medium to long term - in the knowledge that this stock will be a 5-10 bagger in years to come. The takeover bid at $1.10 is unrealistic and opportunistic - regardless of what Directors would like us to believe. Does Denison really believe holders will roll over for this paltry sum?
The scenario is similar to the present Crosby takeover of MTN. The Crosby offer is sitting at $0.68 while the share price today is $1.39! They must think us Aussies are country bumpkins!
My plan is to sit tight - and reject any offer under $2.00. I hope other holders are thinking the same way.
OMC
omegacorp limited
