MCC macarthur coal limited

further bids of between $16 and $20 expected, page-28

  1. 251 Posts.
    Redmetal,

    I believe you may be right. It makes sense to leave your bid until the last minute to try and negate all other possible suitors and give your self the best chance, I also believe the Share price will flounder Slowly backwards until another offer is recevied. If none are received, then my guess is back to $12-13 as they have rejected all offers and are proceeding with GCL. If this goes ahead, it will be very hard for anyothers to come in and try to get a takeover and may even trade at a discount... Yes the game is on, and I don't know where my allegances lie at this point, LOL, with the exception of to the person who will pay me the most now..

    Good luck all,

    Sorry, Now that i have taken some profits off the table i am going to change my sentiment to HOLD. Lets see what this week brings before i get bullish again..
 
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