LPE 0.00% 13.0¢ locality planning energy holdings limited

@HoldtightOn the River takeover, my guess is that when River...

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  1. 2,639 Posts.
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    @Holdtight
    On the River takeover, my guess is that when River does not receive 90% acceptance (which they now cannot because of the Board shareholders), my view is they will see what acceptances they receive. Say they get 10% which when added to their 19.7%. This gives River sufficient for effective control with say 30%, maybe a bit more.
    My guess is they could lift the 90% condition so that they keep any acceptances (10% in my example). They could also raise the price to say 9c or even 10c and lift the 90% condition.
    River could then help grow LPE and in time sound out the buyer of TPC or another similar potential buyer to gain a much higher price than say 10 cents.
    So hold onto your shares, Maybe, just maybe we will see much higher levels. I am starting to think about buying a few more at these levels myself.
    I welcome the views of others here.
 
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