I think the scheme will go through not least because people have had ample time to vote with their feet if they didn't like it.
In my case, I bought equal amounts of both PRN and DDH because I like the outlook for the expanded company (and the unexpanded one for PRN). I got the better deal for the DDH holding. I've also got to say being party to a number of takeovers. The holders on HC always say they wanted more.
That included the most recent one with WSA where IGO bought it and then had to write of $1B on the assets they bought.
I had the same experience when OZL bought AVB (Avanco Resources). I was in the AVB and the people wanted to form an action group etc. Two years later I spoke to the CEO (Tony Ploglaise) he told me what kind of people he had to explain stuff to (he effectively saved them from themselves).
All IMVHO.
Last edited by arsenic:
To be fair when I sold my business, I wanted strotespheric amounts more for it too!13/09/23
DDH Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
