Haven't had long to think this one over or do any research, except to have a quick look at Idago resources & read some of the posts from their holders on Hot Copper. Seems a strange investment for a company that has requested to de-list.
The continued buying today if in fact by Idago would see them with another 2% of PCL today making 11% total as the 9% was as of June 10 last Friday.
Can only suggest we hang tight until we find out their intention would not like to see them with 20% & making a takeover bid without paying a premium.
This also has potentially 60% of total shares in top twenty holders hands so everybodies parcels will have the potential to make a difference if it comes to vote.
Hang tight holders & make them pay until we get direction from our Board of Directors, who have taken us to this position offer direction or Idago signals their intent.
My thoughts only appreciate others input. DYOR Cheers Pickle
PCL Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)