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re: Ann: Update on Completion of Zijin Transa... Best news in...

  1. gefi
    1,229 Posts.
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    08/03/14
    08:07
    Post #: 13100136
    re: Ann: Update on Completion of Zijin Transa... Best news in over 3 years.

    Zijin not wasting any time means they are serious and a takeover offer may not be too far off. Expect an initial low-ball offer to test the market unless they can cut a deal with the larger holders that most people will be happy with.

    Will we trade on Monday? Announcement says so, but not really in Zijin's interest to let the share price appreciate. Will soon know.

    Gefi
    NKP Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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