If you're thinking of selling out now then don't. We all know the $1.10 offer is low and as the Directors stated in the absence of a superior offer, they intend to accept Denison offer. Therefore, there is still a chance another bidder will come in and you might as well wait until we get our entitlement for the new company Newco.
Let see what the newspaper have to say about the takeover and see if any major shareholders coming out against the bid. Frankly, I think the game is only just begins and we might get a bit more out of it yet.
OMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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