I’m a long-term holder too, of twelve years. I’m not inclined to sell either, and the current situation makes me recall a situation I found myself in when Portman Mining (iron ore) was the target of a takeover by Cleveland Cliffs around about 2003. The offer was about $3.80ps and the board, except for one director, was recommending to sell. I thought it was too low but when the last director then recommended selling I did handover my shares. A year or two later CC still hadn’t completed the takeover and they had to offer $23.00 to cleanup the remaining 12%. I’m hoping Gandel find themselves in the same position! Even if they did, they would only have to pay, in total, about 50% more than they are offering now…still a bargain...….
- Forums
- ASX - By Stock
- AGS
- Ann: Notice under S.650F - Gandel Metals Bid now Unconditional
Ann: Notice under S.650F - Gandel Metals Bid now Unconditional, page-6
-
-
- There are more pages in this discussion • 9 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 AGS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online