Ann: Redstone Notice Declaring Offer Free of Defeating Conditions, page-179

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Nimba

339 Posts.

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03/08/18

10:28

Post #: 34703704
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Originally posted by choCWolf ↑

Flood gates well and truly opened. 9% yesterday - >10% today = >50.1% easy.
You don't have to post the form. Do what I did, call your broker and they instantly transfer your shares to Link. I'm just waiting on the cheque now.
I think that many holders (like Rowi had said all along) will have waited until today to see whether another offer is coming and now realise it isn't. Gina doesnt need to extend or increase the offer - she just needs to buy on market. however long it takes to get to 75% and then goodbye Atlas.
I have also previously said, dont be surprised if Twiggy does a deal to sell to Gina + some other attractive sweeteners that meet FMGs "strategic" needs. FMG just wanted to block MinRes. There is nothing really special that Atlas has that FMG dont. And before you say Lithium, Magnetite, Cobalt, conglo Gold etc - FMG have the largest tenement holdings in the State. There is nothing special about Atlas tenements.
My guess is - share price will commence to fall over the next weeks as many realise the end is nigh for Atlas.
IMO

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Strategic boardroom sweetener for FMG
Diabolical quarterly out soon
Half way through another loss making quarter (very, very close to loan default)

Gina just has to mark time and gorge on the influx that will come.

Who now has the b$lls to hold out for 5, 6, 8, 10 0r 50 cents lol

AGO Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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