re: News: Ampella Mining answers some key que...
That the process was stopped at 70c with no formal offers being allowed on the table, as any premium likely to be offered still would've fallen well short of managements valuation.
As kingdom said in another post ...At 70c even a 90% premium or 1.30- 1.40ish would've have been acceptable.
Therefor , we know that managements expectations of a reasonable bid most likely lays well north of the 1.40 mark. Better still, potential suitors now know where they need to make an offer at. They now know that its not worth throwing a low ball offer at 40% premium to todays prices, it just won't fly.
Managment have shown that they aren't going to sail shareholders down the river by accepting low ball offers. This is more than i can say for a few other companies recently taken over, where weaker management have bent over to low ball deals.
AMX Price at posting:
41.2¢ Sentiment: Buy Disclosure: Held
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