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Ann: Takeover Bid for NME Extension of Offer Period, page-61

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punter45

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29/07/22

19:25

Post #: 62820652
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Originally posted by AppinTR: ↑

Hehe no I can't tell you that.
Money made it is what it is, I'm sure MCT wouldn't want to go down this path. Who would?
Yes NME has a "higher" SP, I could say a lot but at the end of the day NME has a TO bid buffering it's SP, MCT doesn't have that protection, so it is open to market reaction and there's plenty of material available to react to.
We have only seen so much of the TO so far, Botched MRE results from historical results, drama with IER's & the TO panel, not to mention claims of JV agreement not met.... The list goes on and on. Plus MCT are still funding exploration so dilution & raising capital are issues NME haven't dealt with, yet.
It will keep going on & on too I believe cause that's the animal we are dealing with here.
2 companies, not much difference in the MC of both bit yes difference in the SP. Not comparing apples with apples.
Fight it out or pick a side, which company is in the best position to further the tenement.
My choice would be, TO approved, new directors sought (focus on skill set & appropriate salaries) Go find gold.

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new directors immediately after finalising t/o, I will accept current offer, mct bod must make an official announcement that they will all resign

MCT Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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Last 2.6¢		Change 0.003(13.0%)		Mkt cap ! $16.70M

Open	High	Low	Value	Volume
2.3¢	2.7¢	2.3¢	$178.2K	6.835M

Buyers (Bids)

No.	Vol.	Price($)
2	400000	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	226004	3

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No.	Vol.	Price($)
2	400000	0.026
4	754060	0.025
4	611713	0.024
4	824999	0.023
2	150000	0.022

Price($)	Vol.	No.
0.027	226004	3
0.028	206348	3
0.029	339101	2
0.030	1552580	7
0.031	726171	4

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