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6.5¢ beadell resources limited

Ann: Great Panther Silver to Friendly Acquire Beadell Resources, page-59

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colquhoun

1,417 Posts.

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25/09/18

12:00

Post #: 35823383
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Originally posted by cashken ↑

When shares or scrip is offered in a takeover in lieu of cash naturally the offered 'shares' will fluctuate before the completion date on the open market. Therefore, a promised amount can never be assured, only an implied value.
For instance, Great Panther Shares are down 4 per cent today. The new 'implied' takeover offer today would be around 8.3 cents per BDR share. That is why cash is sometimes considered more attractive in a takeover.

Works the other way of course. Things to look for in the coming weeks - Great Panther share price, price of gold and silver, completion of the BDR November mill works, substantial holder notices indicating interest from other parties and the big one - a better takeover offer.

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Well aware of that however AUD$144 million is USD$104 million. Conversely USD$135 million is AUD$186 million at current exchange rates.

BDR Price at posting: 6.5¢ Sentiment: None Disclosure: Not Held
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