Pessimist is getting to the point, we are now very close to d day, and decisions have to be made.
Will a higher bidder emerge? , very unlikely now imo, but as one poster pointed out that on e bay all the action is just before the auction closes, (maybe we should auction HDR off on e bay).
So it is down to yes or no vote, if yes end of story and as we know we shall receive $2.02 +script ( if we elect for the script option), and I would think that by now anybody not wanting TLW scipt would probably have sold on market. So the only unknown with a yes result is the script allocation.
I have no idea how far the price will drop but I expect it will take a few days for either a higher TLW bid or for another bidder to enter, I do not believe HDR will be left alone for long , but TLW will be able to pick up stock at below $2.02, until the sp starts to pick up and they have to make another superior bid.
My concern is that with a no vote the price drop will trigger my stop losses ( set to just below the offer price ) and I shall be out. Ideally a substantial drop will allow me to buy back in to hopefully benefit from a higher TLW, or another bid, with some lucky timing
So for me it all comes down those critical days post 18th dec', and do I leave stop losses in place.
I understand the substantial holders now hold around 35% of the stock, some of which will be proxy holding on behalf of TLW bought in the $2.02/$2.10 range, presumably below the level of any revised bid. Combined they have the power to decide the outcome, however as there are some five or six substantial holders the chances of them voting in unison is unlikely.
So the result of my ramblings is that I have no idea how things will go .
HDR
hardman resources limited
