PRH 0.00% 0.5¢ phillips river mining limited

silverlake resouces announcement, page-2

  1. 29,310 Posts.
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    "Hope it's a reasonable offer folks!!!"

    Dunno, Robo. Anything under 50c a share would be at a loss to us long-termers and should be rejected.
    With 64,180,724 PRH on issue, they would be buying PRH for $32 million at 50c!
    Now, if that is the plan, why?
    Are the PRH board conceding that they cant cope?
    Or have all moves in the last 12 months been towards this end game? A cheap takeover, as once suggested by Billmac ( I think).?
    I think we all hoped for more than a 50c result, mate.
    Could be a coincidence, but you could well be right.

    GZ
 
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