re: have you done your homework???
Arhidas, Before Mongoose came along, the directors recommended shareholders take up the new rights issue to keep the company going, get rid of debt etc.
I am sure there must have been a positive side to encourage shareholders to take up the offer.
They were only asking .05 cents per share, not much really.
All this just to basically privatise the company, or give majority control to Glencore.???
Why would Glencore want this company so much all to itself?. Why not share it around with other small share holders?
So yes we read about the risks, but there is this other nagging doubt about why Glencore wants the company.
Can you explain the answers behind this twist, or why two competing companies seem to want anaconda so badly. I am sure I am not the only one not convinced.
Do not follow anything I say or do, I am really in the dark on this one, no lights or candles sighted.
