Chart thread, page-444

Xanax,

You are right, and as those of us who have been around a while even 51% isn’t necessary. Plenty of old time predators were happy to get to 30 or 40% via a low ball, effectively blocking the chances of anyone else, and since many holders don’t vote able to stack the board and get most of the decisions they want. Then having “stolen” the takeover premium, they will creep up, possibly via another low ball offer.

Just as there’s more than one way to skin a cat, there are quite a few ways to do a hostile takeover.

And if for instance IGO’s main interest in PAN were for an MHP plant, then it might not see 100% ownership of the mine as necessary, and it would have a lot of time on it’s side as it would need for the new offtake agreement to run out (or to buy it out).

Imho it is difficult to know at this stage whether IGO will be a future buyer, or a future seller, but we do know that they’ve already had a good look in the data room, and that they’ve backed away once before. They might not even know, it might even depend on their nearby exploration.

EL