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Strategic buying?, page-70

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DeltaHedge

198 Posts.

14

24/05/17

09:31

Post #: 24874842
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Originally posted by BobbyKennedy ↑

I'm starting to think something stinks here. There's a little too much press about TOs and PE running numbers. I think this is a pump leading into a CR. I'm in at an avg of $2.45 so I have a safety net and will therefore continue to hold - in fact I'd welcome a CR to increase by position - but I feel there's something artificial about this.

If were really looking to acquire the business, would you make such a song 'n' dance about it and drive the SP up? No chance.

Credit Suisse were supposed to be in our corner (i.e. working for us) so they're clearly trying to drive the SP up for one of two reasons: 1) To protect the Board and SH from a low-ball TO offer; or 2) Inflate the price to facilitate a CR at $2.30 - where I think it will be.

Option 1 still makes sense in that they've published data to indicate we're worth at least $3.30 but Option 2 is still very plausible looking at the volume that pushed us to $2.30 and hovered there for a while. I'm tipping this has been on the cards for a while.

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Mate that is exactly how i felt when i saw this report. I'm surprised you actually posted this 0.0

VOC Price at posting: $2.82 Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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