I see this very differently.
When the share price was ~$1.50, and TG rejected an offer of $2.50, that was a massive vote of confidence that sent the price going even higher than that.
Now, an offer comes through only 10% above market price, and nearly 10% BELOW the ATH, and the board is recommending approving it? And so close to production? That's a massive vote of no confidence IMO (unless of course there is some other games going on - but I think that's just hope at this point).
So if you believe that $3 is going to be the takeover price - which is the only realistic assumption one can make - then you have to ask how long is this going to take and when will I get my $3? If it's going to take months, then $2.90 now is a fair price to receive.
So IMO, the market is pricing in that this IS going ahead, at $3. SadlyI fear the best outcome us holders can have now is a higher bid from someone else, but I'm not getting my hopes up.
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Last
85.0¢ |
Change
-0.030(3.41%) |
Mkt cap ! $2.061B |
Open | High | Low | Value | Volume |
88.0¢ | 88.5¢ | 85.0¢ | $9.549M | 11.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
46 | 599201 | 85.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.0¢ | 100953 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 598701 | 0.850 |
16 | 328881 | 0.845 |
22 | 152375 | 0.840 |
17 | 63861 | 0.835 |
30 | 144829 | 0.830 |
Price($) | Vol. | No. |
---|---|---|
0.860 | 100953 | 8 |
0.865 | 88000 | 5 |
0.870 | 170910 | 7 |
0.875 | 21701 | 2 |
0.880 | 212241 | 8 |
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