Similarly, Gravity diamonds(GRN) price languished for months, before takeover offer at 28cents equivalent. The directors unanimously supported it , even though selling shares to shareholder at 42c in the year preceding.
Mwana shares were also offered in lieu of cash(28c) and within weeks of the deal being finalised Mwana shares were up 75%
directors major shareholders. so any deal which is good for them, is good for us
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