Ann: Andromeda and Minotaur to Combine, page-48

First 48 Last

Share
Profile

Follow
Hornet77

526 Posts.

127

10/11/21

16:40

Post #: 57468071
Share

Originally posted by theloft: ↑

@theloft has to check out now after a profitable day of takeover arbitrage. Bars don't run themselves especially when there's a shortage of German backpackers and more thirsty customers. Not much for me to add for the time being so I'm having a HC break. Enjoyed the recent interactions and hope I've added a bit of value on a few things. Once the trading halts were in, I thought the deal was pretty obvious & whilst didn't get it completely right, was close enough. Key was to hose down some of the stranger ideas on here, from both sides. Prediction of todays pricing of MEP and ADN pretty close as well. The ADN Q&A tomorrow needs to go well because the delays are not so flash, especially as equity markets are going to get a bit rocky I reckon. Few folks on the ADN board are pretty shaken up, not so much by the share price fall today, but the DFS situation. Some of them have been shown to have been way too optimistic about time frames and company strategy. So the ST could be more pain, but if the enlarged ADN keep focused, then some of your dreams should come true. Just beware because shorters can borrow MEP now I have discovered so could be a rougher road in the short term. IMHO, short term could see ADN below 15c which will drag MEP down accordingly plus the takeover arb is a bit skinny now (~5.5% + your value of Breakaway) and will move around a fair bit as it's not an institutional play, just idiots like me. Catch you next time.

Expand

I’ve learned a lot from your input Lofty so cheers and all the best.

Ps hopefully you can’t help yourself and pop in from time to time

MEP Price at posting: 18.0¢ Sentiment: None Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

TRE

Toubani raises $10M to see Mali's Koubada Gold Project through to DFS

SVL

Silver Mines pushing ahead with NSW Bowdens project despite green group setback over power lines

HIQ

Mouthguard concussion sensor tech developer HIT IQ wins second US patent

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

The Rising Tide: How institutional adoption is shaping the future of crypto