I don't see the current offer being extended past Friday 7pm. The off market acceptances have slowed to a trickle. With the group on HC and manipur now owning 8%. means he needs to convince ~60% of remaining shareholders to do a suddenly do a backflip and sell to him at a cheaper price than on market. Consider that the majority of these holders are similar to yourself, bought much higher and are now looking at a big loss. Most are probably upset at the way this has all happened and aren't willing to give him the satisfaction. I don't see that sentiment changing rapidly.
It will be interesting to see if they do try to drop the share price if the offer expires Friday. This would only mean Manipur pick up more shares cheaper. They are clearly positioning themselves to screw RG, as he has clearly been screwing them for years! I can only see the SP continuing up as more speculative buyers see the opportunity here. Keep buying now while they are cheap.
PGH Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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