Hi dsm0 - yes I saw the offer you pulled. A lot to lose. As with...

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sisyphus

3,295 Posts.

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25/09/19

10:19

Post #: 40561538
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Originally posted by dsm0: ↑

Morning Sisyphus,

I'm still holding whilst considering some conspiracy theories....

1. GM lets this takeover process conclude and finish up with 50+% but way short of 90%. Can they then just put another grab at (say 20c) to obtain the next tranche? Including the 17% biggies perhaps by negotiation?
2. They manipulate the board and scoop up the dregs (ie us!) at whatever they dial up.
3. Slowly GM use the creep facility to keep increasing their majority in 6% increments.
4. GM makes a major CR which most mum and dad investors couldn't contribute - increasing majority further.

However, all of the above takes time and is a bit painful to an entrepreneur who wants it now. So I'm confident that common sense will prevail. Obviously 14c hasn't swayed the significant shareholders or the likes of us minnows.

btw I pulled my sell as it was as much about remembering my trading password and how to put a sell order in! But 20c is my barrier. 25c would be nice...

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Hi dsm0 - yes I saw the offer you pulled. A lot to lose. As with us if I make the wrong choice.

Have just browsed thro the offer and response yet again, and see how clever GM has been, predicating the offer on our poor SP, rather than on the intrinsic value of the assets ... and their potential added value of « nearolgy » ... eg Gundockerty and the predicted bull run for nickel. ... etc. ... Not even considering Wilcherry and its treasures!

Even Mining One’s technical assessment report gives a value of $25.1 million, as opposed to the c$21.43 million in the offer. Bottom fishing for sure when shareholders are vulnerable after the remaining cash from the sale of B4M has been depleted. .. Good luck with your choice. Kind Regards - sis

AGS Price at posting: 14.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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