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3.3¢ unity mining limited

Scheme Booklet, page-5

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632 Posts.

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19/02/16

21:16

Post #: 17069751
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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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LOL, Serously?! Last thing most around here would be worried about a piddly brokerage fee!

Having said that, I agree with you about strategy re funds. Looking at the trading this week, I'm not convinced that this is a counter offer in the making, Would like to be proven wrong though.

UML Price at posting: 2.9¢ Sentiment: None Disclosure: Held
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0 Great analysis

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