Thanks for the insight on the different management styles. Very...

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Bluegoose

3,211 Posts.

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18/04/23

19:32

Post #: 67340893
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Originally posted by rookieplayer: ↑

You're dealing with two very different management teams Bluegoose. Matt Dusci is a consummate professional with a high degree of ethics surrounded by a like-minded board and senior management team. They are disciplined and (more importantly) conduct themselves in a responsible corporate manner. MIN are a different beast entirely and will do whatever they have to to get the best deal for themselves. Some may argue the merits for both and I am not trying to make a judgement, merely calling it as I see it. IGO will not try to undertake any action out of spite for MIN trying to get the asset.

MIN will not think twice about blocking the Scheme and soaking up the shares after the deal falls through at a lower price if they think that course of action will get them the asset at a cheaper price. At the end of the day it's about the average price they soak those shares up and the few they (may) have purchased at 58c only brings the average up a little.

One thing is for sure there is plenty more action to come here.

@2ic - no tone from me mate, just putting out information for some discussion. I'm always open to learning and looking at things from other perspectives. I'm a fan of your posts.

You just never know what is going to happen. Take MCR for example, punters flocked in to pay over the offered price hoping for a better deal only to have the SP plummet following the announcement around BHP rejecting their concentrate.

This horse could be of the gift variety, a Trojan or bolt away stallion! As with Schrodinger's cat, we won't know until we open the box

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Thanks for the insight on the different management styles. Very interesting.

Regarding MIN soaking up more shares at a lower level - they cannot............ unless they make a T/O offer first.

They are so close to 20% that they need to make an offer to be able to acquire more than about another million shares or so.

I guess they could have friendlies buy for them at arms length, but that would be pushing the envelope legally - so not expecting that.

Nothing much to speculate about until Thursday / Friday - let's see what the announcement says after the failed vote.

ESS Price at posting: 51.5¢ Sentiment: Hold Disclosure: Held
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Thanks for the insight on the different management styles. Very...

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