Sorry
@sachz I beg to disagree with you that the “…offer is out of our hands” – dependent on the nature of the offer!
If it is for a certain price per share - to acquire an xx% of issued shares – then as
part of the BoD’s considerations – not only of all the offer’s details - which IMO they have not had enough time for (due obvious festive season breaks, and therefore a Suspension after the initial obligatory TH) - they
also need to tell S/h’s their recommendation - in their Ann – whether s/h’s do :
- nothing (because the BoD considers the price offered as too low, or
- accept the price offered – based on either :
- s/h’s opinions about the BoD’s TBA
update of near term future prospects that would likely materially boost the SP
- the BoD’s view that already having received 1 offer, ITO the likelihood exists of an even higher offer from another bidder.
I have from experience - over decades – seen this type of response (as I’ve outlined above) from many BoD’s of the plethora of ASX small-cap mining stocks I’ve traded in that time. Thus IMO, a lot of posters – on this subject - would not be aware of past practices of BoD’s of other ASX stocks – which have received similar-style offers. Rgds TG.
