Agree with tht Tan, starting with 6.6%, buying 2.5% in the market and securing approx only 7% acceptances is piss poor.
Their biggest % gains in our company will have come from the initial offer deadline which was announced only after markets had closed. I'd imagine few people believe that they wont extend again and again and again.
Unless they increase the offer then it'll be quite a while before they reach even 20%, let alone 50%.
We have 3.75m oz and are very conservitively (imo) fair valued at 14.1c. They aint getting mine and in the UK I can't even get my limit buy of 20k filled at 3.94p.
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