If RG ends his takeover offer this would be to admit defeat. If...

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BenMcG

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27/02/24

19:42

Post #: 72628275
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Originally posted by trickspen: ↑

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.

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If RG ends his takeover offer this would be to admit defeat. If he wants 100% of PACT he will then have to wait 6 months then negotiate with Manipur and User123 and other large holders for the price of the new offer

The only reasons I could think for him ending the offer now is the price of a new offer in 2024 may be less for him to pay than the price of a new offer in 2025 at which time the company may be in a better position than it is now. Or else he simply abandons his takeover plan

PGH Price at posting: 85.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 79.0¢		Change 0.020(2.60%)		Mkt cap ! $271.9M

Open	High	Low	Value	Volume
76.5¢	79.0¢	76.5¢	$35.24K	45.30K

Buyers (Bids)

No.	Vol.	Price($)
1	1290	77.5¢

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Price($)	Vol.	No.
79.0¢	2569	2

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No.	Vol.	Price($)
1	1290	0.775
2	13977	0.750
1	7000	0.740
1	40000	0.730
1	13800	0.720

Price($)	Vol.	No.
0.790	569	1
0.800	13124	2
0.820	2965	1
0.830	20539	1
0.850	99	1

Last trade - 15.27pm 26/06/2025 (20 minute delay)

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If RG ends his takeover offer this would be to admit defeat. If...

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If RG ends his takeover offer this would be to admit defeat. If...

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