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$2.69 mma offshore limited

Ann: Trading Update, page-12

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njipm

139 Posts.

178

18/04/24

16:15

Post #: 73410852
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Originally posted by Mr.Dollar: ↑

There is no chance the current Bid will succeed !!
The company is progressing and making a truckload of $$, so I think unless the Offer/Bid is increased to at least $3+, there will be no takeover.
Look at what the market thinks of this announcement, the share price has risen well above the offer price.

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I don't think it's so much as what the market will allow, the question is why is the Board insisting for shareholders to take the offer and it is a great offer. That is the real issue here? Why is this happening and is the Board competent or acting to best interest of shareholders?

Last edited by njipm: 18/04/24

MRM Price at posting: $2.65 Sentiment: Hold Disclosure: Held
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0 Great analysis

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