Ann: Right to buy out remaining holders, page-119

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Van88

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109

07/09/18

15:19

Post #: 35467845
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Originally posted by Maysgr ↑

Time will tell.

You may not be able to object (if it comes that) if the form does not arrive in time.

I see the chances of shareholders objecting as quite low at this stage.

Taurus would be crazy to make us a new offer that would even make us think twice about objecting.

Not doing that is only going to cost them time and money as they will be forced to go to court as well as pay court costs.

They should be factoring in any possible court costs when they revise their offer.

If they were smart they would be in contact with 3rd largest shareholder, and ensuring he was on side with what they propose the new offer will be.

He owns around 30% of the remaining non-T2 shares and would have the power to send this to court on his own.
He has plenty of coal industry experience and I am sure is no push over.

They know they are getting it cheap, just pay up and be done with it.

There are only about 9 million shares they don't own.

Trying to be stingy and smart can only backfire on them.

The only thing they have control over is the price we are offered. There is no point tempting fate and leaving it to the court, or backing out of a 100% ownership attempt now.

If it's high enough, then end of story.

Expand

you're forgetting one thing

the power of very annoyed share holders

unless the offer is substantial ($2 plus) im objecting

nothing would give me more pleasure to screw them over, even if its just a small amount compared to what they have done

RRP Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Ann: Right to buy out remaining holders, page-119

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