NGM 0.00% 19.0¢ ngm resources limited

wake up australia - db has cracked 10%

  1. 3,194 Posts.
    lightbulb Created with Sketch. 264
    PDN offers a takeover for 23,9 NGM-shares to switch to 1 PDN-share.
    Many shareholders a angry because the Management say, this is a good deal.
    Interesting, that ASX-rules say, that PDN needs 90% of agree to get NGM.
    DB is buying massive shares on market and since yesterday they have the 10% veto collected. So i think they will make PDN to make a better offer.
    Its a riskless deal for PIs to get some shares at 15.5, because the value of an NGM-share is 16.2c, if PDN will make this deal in this laughing conditions.
 
watchlist Created with Sketch. Add NGM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.