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Gekkko

2,201 Posts.

1084

08/08/19

09:46

Post #: 39916975
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Originally posted by GARETH78 ↑

A fair post, though how long at 80c would they need to hold it to get a TO of $1.30? Plus surely quite a few longterm holders would be underwater at that price.

Im not convinced there is much appetite in the corporate world for TO or mergers while trade war is escalating and Brexit hanging over Europe.

Posco look to be dragging there feet with PLS JV, and Posco share price is looking pretty sick too. They dont look to be in a hurry, but i do wish PLS well in their deal, because any deal will reflect well on the whole sector.

In regards BOD purchases i only see MR buying at $1.295.

MT bought at $1.47. AT received his 1.8m freebies at 1.56 ish so i cant see him accepting too low a ball.

A private equity deal could work in BOD favour, usually a signal of that is Resignations from the BOD.

Fingers crossed you picked the bottom yesterday.

Cheers

*All just my opinion DYOR

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I hope so too @GARETH78 . My guess is POSCO wants our whole kit & kaboodle spewing they paid too much for the worst half of our tenements..and they've encouraged shorters to pummel our SP harder than our peers have been. Time will tell..I'm prepared to buy lower..I know a takeover would fetch way more than our current SP..

GXY Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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0 Great analysis

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