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UML unity mining limited

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It really starts to make you wonder why the directors are...

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aruc6393

2,540 Posts.

746

20/03/16

14:44

Post #: 17321611
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Originally posted by meric ↑

I think raising the offer to 0.035 or thereabouts, to recognise the increase in value of gold equity in the past quarter, would make it more palatable for shareholders to swallow.

It's strange to see a board of directors to accept the first offer available. Usually a board would refuse one or two times to make the acquiring party to at least raise the offer nominally. Any acquirer knows to lowball it and I think PYBAR did too - 0.029 is a number starting with a "2" they can move to a "3" handle by a nominal offer price increase. IMO they were expecting directors to at least negotiate a bit to 0.031 or 0.032.

But no, the directors just took it.

These directors are bad negotiators.

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It really starts to make you wonder why the directors are pushing for the deal at such a low price. Smells very fishy to me.

UML Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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It really starts to make you wonder why the directors are...

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