Australia's largest stock trading and investment forum Australia's #1 stock forum

AVB

Click for more information

0.00%

16.5¢ avanco resources limited

Ann: OZL: IAF and Supplementary Bidder's Statement, page-63

First 63 Last

Share
Profile

Follow
rustynails

295 Posts.

33

06/05/18

13:31

Post #: 32913229
Share

Originally posted by QuietFrog ↑

" ...they simply haven't done their homework"

Exactly! My guess is they probably thought the sustained suppression of the sp over the past 3 years would have caused a lot of churning and changing hands and those who acquired AVB shares more recently having a lower average would be over the moon (like our resident poet) by the fake "112% premium". They probably thought it'll just be a walk in the park. How can anything go wrong? Suppress the sp for 3 years, let the shares churn and change hands, then offer a low ball "112% premium" and everyone will be jumping for joy and ACCEPT the deal with both hands and feet immediately!!! But we're value investors and not traders. If we were traders we would have left AVB and gone to other stocks. We didn't stay for this stupid "112% premium". We stayed because AVB management told us they were going to fund stage 2 with profit from stage 1. But they did something else! Instead of focusing on funding stage 2 with stage 1 they spent our profits acquiring new projects for the new owner waiting in the wings.

Expand

Hmmm, never looked at it from that angle..

AVB Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ZNC

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

The iron ore comeback: Can it last?

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HAS

Hastings progressing Yangibana to production with lower costs

There are more pages in this discussion • 1 more message in this thread...

First 63 Last

Add AVB (ASX) to my watchlist