I would not stress about the timingIt will be weeks before the...

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Timetotrade

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24/12/18

12:52

Post #: 36951795
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Originally posted by johnd: ↑

I had to google it too. It means either a takeover offer or 'scheme of arrangement'. I am only guessing here but I would have thought they would have said takeover if that was what is happening. Hoping someone can shed some light on this, but I'm guessing that a substantial holder (eg. Pan) or two are taking the company private while it is cheap.

Timing could just be coincidence but I reckon doing this in Christmas week suggests that they want to keep this under the radar while all the lawyers are on holiday. Hope there are a few shareholders with legal experience who can watch this one to keep the directors honest.

Alternatively, it could be the PNG government exercising their right to acquire 30% of Frieda (if my info is up to date).

This is all guesswork. I am a private shareholder and only know what I read in the announcements, analysts reports and media which means I don't know anything!

Not impressed at the timing.

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I would not stress about the timing

It will be weeks before the closing date for any offer or action being required. Legal teams will work over January if required to do so

HIG Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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I would not stress about the timingIt will be weeks before the...

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