Do you think they would vote no, kick the board out, distribute...

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meric

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23/03/16

23:55

Post #: 17351297
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Originally posted by curiouswon ↑

I know that many HotCopper UML shareholders (like myself) were (and some still are) hoping for a long-term future of wealth from UML, however it seems that Brahman Pure Alpha and Diversified/PYBAR will decide what our future is to be.
So, here is my best guess for the engame. I say endgame because it seems to me that Brahman Pure Alpha is not the sort of organisation that is a long-term holder.
1. Brahman will push Diversified/PYBAR hard pre 31 March to increase its offer (I expect that extra 5-15% would be enough).
2. and then
a. if offer increased, Brahman votes YES and we all get increased price; or
b. if offer stays the same, Brahman says "what the heck", votes YES and accepts and moves own to next opportunity (having made about not a bad 3-5% over 2-4 months, having accumulated its holding between 2.6c and 2.9c).
Just a record of my thoughts re Brahman at this time - so that I have a fixed reference point (re my opinion) to check back to post 31 March.
[GLTH, and, by the way, I would be happy to get a lot more for my shares, or for our mines to be developed and run for the long term.]

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Do you think they would vote no, kick the board out, distribute the cash, auction the assets?

UML Price at posting: 2.6¢ Sentiment: None Disclosure: Not Held
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Do you think they would vote no, kick the board out, distribute...

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