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

KDR

Click for more information

0.00%

$1.90 kidman resources limited

Dont forget FMG are looking for their lithium "elephant"!

First 23 Last

Share
Profile

Follow
smartchemist

186 Posts.

25

09/05/19

17:16

Post #: 38492545
Share

Originally posted by butcherboy ↑

I asked what would 'theoretically' happen if another bid was submitted (obviously referring to the Rio reports but I didn't say that), and John Pizzey said it would be looked at if it was considered to be a realistic bid, but, as he also pointed out, they can't solicit bids at the moment (due to the “no shop”, “no talk” and “no due diligence” clauses) and even if a better bid comes in WES will still be given matching rights (he didn't say that but it's in the announcement). There were a couple of other questions but not as many as I would have expected. This is the only time in the year (although twice this year ) that shareholders get the chance to ask questions directly of the board and management team, so there's no sense in being shy! No doubt we'll get another chance at an EGM once the due diligence is done on the current bid and a vote has to be held.

I honestly think that Rio will be able to extract more value from KDR as they're a mining company looking for lithium, and not a retail, chemical and fertiliser company looking for an acquisition in a new market. If they don't make a bid I'll eat my shorts.

Expand

Dont forget FMG are looking for their lithium "elephant"!

KDR Price at posting: $1.90 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 16 more messages in this thread...

First 23 Last

Add KDR (ASX) to my watchlist

SPONSORED BY