"look what they did to andean prior to the takeover , all the way from 2.80 to 42c. then buy offer for $6/share to those that were strong enough to hold"
I did not hold AND but my understanding was that it fell to around 50 cents in the GFC (Perhaps it was 42 cents), after which it recovered and by early 2010 it was over $2.00. The takeover happened in the second half of 2010 and there must have been some speculation because the price then continued to rise a lot until the t/o was announced.
PRU has a similar fall in the GFC falling to at least 30 cents but recovered so that in early 2010 it reached $2.00, and higher thereafter when the takeovers of Red Back Mining and AND were announced.
My take is that the days of high premiums for takeovers is over, and the comparison with AND is not relevant. AND was in a very strong position with funding available to build its mine (from memory).
loki
AMX Price at posting:
95.5¢ Sentiment: Hold Disclosure: Not Held
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