re: counter bid has to come Hardmano - my sentiments exactly.
I don't care that there has been a derisory bid - that will flush more out - thats good.
Its this p*ss weak board that we have.
Whats really p*sses me off is that the Hardman board has committed themselves to this offer like a marriage - with you please a break fee!!!! A break fee if you please for a really low ball offer!!!
The deal they have made is derisory. Why not just entertain a bid - and let the market decide - why give their endorsement - and agree to a break fee? Are these people mad?
AND ----- AND AND -- no other company will be able to do due diligence without triggering the break fee!!!!!
And now the board is hopelessly compromised in dealing with news - see an earlier post of mine somehwere.
Good news - what will be the board discussion..
Two possible glimpeses into the future for a fly on the wall...
Potter - " this news is not equal to the break fee - so lets not announce it..."
Carroll - " the possibility of a great Guyanne farmin has to be tempered with a careful management of costs - can we have KPMG look at the petty cash disbursement arrangements before we sign off on this - I am sure KPMG will not be able to do this until February..."
And as for KPMG - be very careful - this is a very low ball bid - and a favourable report could become very unstuck by very short term news shortly after any marriage is consumated - partners beware - remember Enron - or best still - maybe not.
- Forums
- ASX - By Stock
- HDR
- screwed and shafted
HDR
hardman resources limited
screwed and shafted, page-14
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online