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Ann: Alt Receives All Cash Off-market Takeover Bid from Aurenne, page-269

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cjbjb2702

7,782 Posts.

218

16/05/20

14:47

Post #: 44656484
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Originally posted by asculpeous: ↑

BEAWARE of the motives of any poster who recommends you accept the offer.
Some may be genuine,others can be "plants" to spook holders to sell.

Before this offer, Asculpeous was expecting a run to at least 15c on PFS and reserve statement.
Finance would follow without problems for a good project and would not be a reason to sell.
With finance,may have run to over 20c.

Asculpeous is always a bit pissed when a good project is "nipped in the bud" and taken over because many holders get sppoooked and fear losing their profit.....this will be played upon by the plants.

Have been through this situation several times before:there is nearly always a higher offer but those who accept now will be locked in at the lower price unless there is an escalation clause.

Just be patient for now.The bidder appears to be active in the market and will not want to be holding a minority stake so will be forced to up their bid.This will occur when the daily volume drops.

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No way was the reserve price met, passed in at auction, much better offers to come!

ARS Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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