There you have it, a two party stitch up, Gina and POSCO.
Instead of competing with each other and raising the bids, they join forces to bring SXY down at a low price.
An effective 58 cent price, in the OLD money before consolidation, is an absolute steal, it's almost a disgrace, and practically the crime of the century to sell this company down like that, and especially after the additional gas fields they purchased today.
I will vote no, but it won't matter, because if the directors recommend the deal, then it's effectively done and dusted.
Unfortunately, for all shareholders, this is a poor outcome, many of us were looking forward to the company growing and expanding profitably over the next 3 to 5 years. Perhaps the directors want to move on now to their other business projects.
Gw
- Forums
- ASX - By Stock
- SXY
- Ann: Improved POSCO proposal and intention to recommend
Ann: Improved POSCO proposal and intention to recommend, page-48
-
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online