26 reasons why it's INSANE to sell HIG now, page-2

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curiouswon

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24/03/17

09:10

Post #: 23592669
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Originally posted by kpax ↑

In relation to the proposed board change of HIG offered or directed to by GRAM.
GRAM did nearly the same tactic with Pan Aust in March 2015.
It tried and eventually succeeded to cut the board out of the equation and appeal
directly to the shareholders to decide Pan Aust's fate.
Their next step is to offer a price including a provision to effectively remove the existing board.
They will give us a 40 per cent premium on an unconditional offer.
They will as they did in Pan Aust get regulatory approval from the PRC and Australian regulators pre this offer.
They will also have the PRC banks finance pre approved so they can offer cash in seven days as they did in Pan
Aust takeover. Being its an unconditional offer they will be able to buy shares on the ASX market that instant it is lodged. In 2016 Chinese Companies purchased 225 Usd Billion worth of overseas companies. Yours may be next.
If you are unsure if I am correct, google " panaust takeover gram kwm case study".
We still have not received updated resource news from Star Mountains. I still believe this stock is worth 14 c at minimum de risked.

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kpax
thanks for the timely reminder of GRAMs history and approach.
Great article that you have referenced; here is link (for those too lazy to Google!):
http://www.kwm.com/en/au/knowledge/...ditional-takeover-of-panaust-limited-20160725

HIG Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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26 reasons why it's INSANE to sell HIG now, page-2

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