$4.40 is now the floor. POSCO have to Nov 5th to Remember, Remember to stick or twist by putting in a higher bid. In the meantime, the market should reflect whether it believes POSCO will up the ante, or indeed other bids will emerge. Either way, Senex is almost certainly history and we won’t see the promise of 2025, but I’m more than happy to cash in early if it’s up towards $5.
Ann: Senex advises of takeover discussions, page-8
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