ASQ 31.0% 2.0¢ australian silica quartz group ltd

Ann: BAU:MVT Increases Proportional Off-Market T/over Bid for BAU, page-5

  1. 302 Posts.
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    zaf39: I would be surprised if shareholders have to wait another decade.

    I'm tipping the directors will take their 5 cents capital return (if approved by shareholders), then look favourably at a reasonable takeover and take the money and run.

    If the capital return is approved, the directors will have left about $5 million in the kitty to keep a takeover
    offer alive.

    The directors have done nothing for the shareholders, while taking their fees.

    Waiting on Sir Ron's next move.
 
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