Australia's largest stock trading and investment forum Australia's #1 stock forum

ARS

0.00%

4.9¢ alt resources limited

Ann: Alt Receives All Cash Off-market Takeover Bid from Aurenne, page-242

First 242 Last

Share
Profile

Follow
87 Crash

5,162 Posts.

724

12/05/20

07:59

Post #: 44563700
Share

Originally posted by Rockchipper: ↑

Most trades that are selling below the bid price now, will be SH who are satisfied with their profit margin already achieved and don't want to wait around for their money - TO's often drag out far longer than u might expect. There is a lot of activity in gold drilling in W.A. alone ATM, so taking money from 2 or 3 year investment in ARS and re-investing in another show could be attractive.

Regarding odd numbers of shares traded, can be a for a marinade of reasons, commonly buying a specific amount of money, rather than a rounded number of shares. I wouldn't read too much into that.

Again in regard to where ARS is ATM, as in all trading, timing is a very critical element for all players. Any second bid is not going to come early, as in reality, where this stock is in development terms at present - like it or not, IMO is somewhere around its actual value - not its potential value. If there is another party interested in the TO, they will be watching, not rushing, which is why I think this may well be a drawn out process. I don't mind that becos that also gives those SH who want to see this out and want to arrange a block of shares, time to do so.

Although that block needs to be 10% (around 70m shares) to have maximum effect, even at a lesser sized block, could become the tipping point for slightly higher figure. The SH who has suggested this block has stated their aim is not to block any TO, but to get a better return for smaller players. IMO the existence of such a block of shares even if not 10%, would assist the second bidder. Unity is strength in any game and IMO I don't see any downside.... but i'm no expert, and would be happy to be corrected, so DYOR.

Expand

Hi Rock chipper

I have purchased a few business over the years and your line of reasoning is identical to the line used by a purchaser to a vendor.
The line is refutable because value is not just now but a premium is added for the potential. But this is what a purchaser will spruik at the negotiation table.
You are not a vendor or associate of the vendor in ARS are you?

ARS Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Astute sniffs 1,260 ppm lithium and thick mineralisation in Nevada

From the Floor with Kim Beazley at Diggers and Dealers 2024

Largest drill campaign to begin: Saturn Metals at Diggers & Dealers

Revolutionary inverter technology leads the clean energy charge