Countdown to OZ control, page-24

First 24 Last

Share
Profile

Follow
pilatus

6,682 Posts.

292

08/06/18

12:24

Post #: 33593623
Share

Originally posted by Jodran_trader ↑

As for Mr Cole speaking on the behalf of the two remaining largest holders, that is him articulating what he would like to see not necessarily the outcome. Corporate speak, talking it up. I would think that Glencore and Greenstone will happily wait and discuss the outcome of their holdings privately. They do not need to rush into this, and have played this game plenty of times.
Mr Cole et al will Hoover up shares then negotiate with the remaining large holders.
Now if I had a couple of million shares (I have none) me personally thinks they would pay up near thirty cents to get the remaining %.
Let's face it, they will have managed to take possession of a large chuck for a very healthy saving of true value.
I'm sure they would like to wrap it up without having independent valuation. An offer of 26-30cents, let's face it, the remaining wouldn't even blink. The complete ownership of AVB is still off in the distance and doubt compulsory acquisition this year. Still plenty of news due from the coal face, I hope, for those holding out, that any results are not in the glove box of a truck on the picket line.
I watch from the sidelines and this will be a rare comment from me on the matter.
Good luck.

Expand

Andrew Cole is now well respected and now referred to as Mr Cole...lol
will he be knighted as well?

Last edited by pilatus: 08/06/18

AVB Price at posting: 17.8¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Tonight's US CPI data could set the tone for November. What are markets expecting?

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA