I concur, if this goes to vote the board will get the 75% required to sell.
Our only chance is rio or similar doing counter offer to improve our profits.
Remember the there is two clauses in the current offer that in my opinion are important and restrictive for us share holders.
The first the board can not actively approach other companies to actively pursue a higher offer. We are relying on other companies coming to us...
Secondly any counter offer that may come
Must be significantly better. What is the definition of significantly better . Every cent increase is 3% so I would argue any offer higher is significant but think the board will disagree
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82.5¢ |
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Mkt cap ! $164.8M |
Open | High | Low | Value | Volume |
82.5¢ | 82.5¢ | 82.5¢ | $1.592K | 1.93K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 25 | 0.740 |
1 | 1493 | 0.670 |
1 | 20000 | 0.660 |
1 | 10000 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 2100 | 1 |
0.885 | 4999 | 1 |
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