LCY
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3.33% 1.6¢ legacy iron ore limited

Erich and Callent,Say NMDC hypothetically offers 40mil for...

  1. manny1970
    3,172 Posts.
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    14/09/11
    00:12
    Post #: 8955583
    Erich and Callent,

    Say NMDC hypothetically offers 40mil for 50%.
    If our board then came out and said our independent valuation is say, 80mil for 50%


    why would a third party then come out and offer say 100mil for 50%, when they know our valuation is for 80mil ?


    Letting everyone know your independent valuation has an effect of "capping" the price.
    LCY Price at posting: 21.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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