SIR 0.00% $2.52 sirius resources nl

IGO Takeover offer, page-29

  1. 3,054 Posts.
    lightbulb Created with Sketch. 149
    Looks like a done deal to me with the board and Creasy signing up to the offer.
    There is no sign that the fundies are buying SIR in anticipation of a higher bid or arbitraging, otherwise we would be seeing massive SIR volumes going through.
    If the funds don't think there will be a higher bid, then the odds of one coming are slim IMO.
    Never say never - maybe an open door is that IGO has come off 20% since the bid, so the bid offer has dropped something like 10 to 15%.
    I calc the current offer as being worth 0.66 x 4.84 = $3.19 + $0.52 cash = $3.71 + S2 = ~$3.81
    So... market is pricing pretty close to the offer at last SIR sale of $3.78.
    I am a mug because I bought first day, not anticipating that IGO would get hammered. Better learn from that one.

    Gosouth
 
watchlist Created with Sketch. Add SIR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.