daytrades october 20 morning ..., page-7

Fe Limited Takeover Offer for PDY

Wait for Fe Limited to raise its Takeover price then we will see PDY shares move, FE is after PDY badly, its a matter of time PDY will go north


Padbury Mining advises that it has dispatched the attached postcard mailing to all shareholders, in connection with the Fe Limited Takeover Offer.
The Directors of Padbury Mining recommend all shareholders REJECT the Fe Limited Takeover Offer. To follow the recommendation to REJECT the Takeover Offer, shareholders should do nothing and not respond to any documents sent to them by Fe Limited.
The company notes that Fe Limited is yet to advise the market of receiving more than 1.3% of the shares on issue in acceptances, indicating an extremely low level of acceptance of the offer.
Shareholders should refer to the entire Target?s Statement and Supplementary Statement in deciding whether or not to reject the offer, which set out the entire reasons to reject.