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UML unity mining limited

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albatrosss

22,866 Posts.

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19/02/16

16:57

Post #: 17067920
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Originally posted by emanon069 ↑

Hedge funds work on M&A deals and the volume it creates- at 2.9c they lose no money at >2.9 cents they make extra money. The more they buy at these levels the bigger the gun they can threaten Pybar with about lifting the offer price - knowing if Pybar does not, and they vote it down then they can control the company and look to break it up themselves ? and channel some of the cash to themselves directly. Or they can just accept the 2.9c and move on to the next one. These funds have 4 - 5 of these deals on the go at any one time (nothing special about UML) They can buy up to 20% without having to make a bid (which they won't) and they could even pay more than 2.9c if they think Pybar will pay up - classic game of chicken - a de-risked 2.9c is a no brainer

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If you put it that way. PYBAR can also buy but up to 2.9c without raising the offer.
any chance they will do that? buy at 2.9c that is.
or will they raise offer?
neither?
20% equates to about 220 000 000 shares I think.
share fund still has a way to go.
but even with that, they would not able to vote the deal down I would not have thought.
Is PYBAR worried at all you think?

UML Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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Scheme Booklet, page-4

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