WWI 7.14% 1.5¢ west wits mining limited

Ann: West Wits Completes Placement, page-109

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  1. 3,062 Posts.
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    Why would DRD want to keep price down if they make an offer of $150 million because such offer would propel the share price up so market cap reaches $150 million...the only reason surely for keeping price low is a takeover of the entire company via cash for shares but the board would not recommend such a takeover at a low market cap, so then it might become a hostile takeover but very much doubt shareholders will accept anything under 10 cents...then you may have other companies coming along going into a bidding war and offering a higher price...I just dont see the point in DRD selling via Bot trading....how do you know for sure todays trading was DRD...
    Last edited by NavyGulf: 18/08/20
 
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