EAR 0.00% 32.5¢ echo resources limited

NST Bid Foiled by the market, page-6

  1. 1,205 Posts.
    lightbulb Created with Sketch. 158
    Unless you need the cash, my advice is don’t accept know and count on any further increase that might come later.

    Holders should not accept, thus minimising the increasing stake held by NST and force them to increase the offer.

    I expect that around the 9th October NST will extend the offer, by a month initially, if their stake has increased only marginally to say around 35% or less. If, remarkedly, they get anywhere near 50%, you might then get weekly extensions, although that usually occurs when predators get closer to 90%

    All hinging too on gold price and markets behaving in October. If October repeats as a general market selling season, the gold price should strengthen. Interesting times!
 
watchlist Created with Sketch. Add EAR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.