mt clement drill results, page-12

I'm interested in this theme because takeovers are generally my bread and butter. :) Not that I'm an expert, but I do love a good takeover!

I don't know if anyone forces prices down in any takeover. I guess it's possible. I guess an intending suitor could just buy and sell cheaply to themselves- probably not legal, but it could happen. The body doing that, though, would have to have heaps of shares to play with- to start the day with a cheap bid, for example, and end the day with a cheap ask- and then do that every day. Oh, that trading sounds like ARV! :D

There is often some kind of rumour or leak- probably intended eg when Shell (I think it was) was ringing up NXS shareholders and asking them if they'd take 50c for their shares. Even though the T/O didn't happen, it sent the NXS shares rocketing. If I was a major SH and heard whispers of a suitor snooping around, I'd be on the phone to the AFR in a second! Their "Street Talk" pages are all about T/O rumour and innuendo. Even if a suitor wants to get a company cheaply, generally, the company will want to get as much as it can, so leaks can be the first way to get the share price up. If there was a whiff of a T/O of ARV, the SP would rise on the rumour, and then a premium would have to be about 30% on top of that. Hopefully, we'd then get another bidder, or we'd all pretend outrage at the initial bid, saying our beloved ARV used to be 25c and we expect at *least* $1! Hehe. An independent expert report might squeeze a cent or two more out of the suitor, and we'll all be rich! :D

Now, back to reality. :(