Just spoke to Peter Youd on that 1300 and he said he was willing to take anybody's calls any time.
I now have much more confidence that everything will be ok.
In no particular order, this is a brief recap of what he said.
* There are not many shareholders in Australia. * There is more than one independant director and Henderson WILL do the right thing. * The reason for wavering the clause about naming the potential buyer is because there may be more than one buyer. * If we do get an offer(s), due diligence would probably take until the end of the year. * He spoke to Argonaut today or yesterday and they will be looking to do some roadshows before the end of October. * As a shareholder himself, he is expecting 15p or 16p (not cents) as a takeover price. * Any takeover bid would have to be put to shareholders. * If a takeover bid is not seen as fair value, LHD will simply remain a going concern and cash would be returned to shareholders as it comes in from Athena.
All in all I found him to be an extremely personable man and if the confidence he projected is anything to go by, we should all be racing out to buy some more shares.
LHD Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
