We shall see Moore. I think that the idea that this is done is ridiculous. A shareholder has made a very low offer for shares in a very profitable company, and because they are Indonesia shareholder s it is over. We just accept 23c. I repeat they own 20% only of this company!!! Existing shareholders just ignore the offer and treat it with contempt it deserves. Then if they sell up, there will be plenty of buyers. It is up to Barry behind the scenes to confirm he has no legal problems, or lack of support from other Indonesia officials to carry on. He might even have a different Indonesian shareholder interested. We are in the dark. But I still expect when a official statement is made that the board recommend the offer be rejected as it substantially undervalues the company.
FND Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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