UNV 0.00% 16.0¢ universal coal plc

Ann: Pause in trading, page-41

  1. 573 Posts.
    lightbulb Created with Sketch. 50
    Based on the updated recommendation from UNV this afternoon this is far from a done deal, especially if the TER mob can't vote. Wow! That would be game over for the TER bid unless they significantly sweeten the deal and make it a cash offer (which apparently TER can't afford, even at the current $0.10 part cash offer).

    Leecom, previous offers have come and gone and in that history there have been competing bids so no I'm not dreaming but I don't feel the need to offend you. Just stating a fact mate.

    Sounds like the IER will provide overwhelming support for the board to justify a final recommendation of "NO"
 
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