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56.5¢ orecorp limited

Exactly my thoughts. As I have stated before, I’m leaning to not...

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slammin

104 Posts.

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06/04/24

14:12

Post #: 73220007
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Originally posted by Goldguy90: ↑

I don’t know ASX M&A law at all really, but in Canada for example dissenting shareholders that don’t have much of a case can tie up an acquisition in legal battles for a very long time and prevent the scenario you described until resolution. PRU is in a hurry. SVM is not. I’m unclear who has the true advantage here but I feel like it’s SVM as they have time on their side. They don’t need the $27 mm USD in offer cash anytime soon. And it’s most likely no accident that there seems to be a non tendering block of shareholders along with any retail that wish to hang on in the hopes of getting a little more.

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Exactly my thoughts. As I have stated before, I’m leaning to not selling into PRU. My personal belief is they will not get to 75% and with the remaining block by the big players ORR is more attractive now and deserving a much better price than PRU is offering.
Would love to hear from others on the thoughts of hanging in as a shareholder of ORR.

ORR Price at posting: 57.0¢ Sentiment: Hold Disclosure: Held
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