UNV 0.00% 16.0¢ universal coal plc

In quiet reflection, having been a short while now since the bid...

  1. 6,156 Posts.
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    In quiet reflection, having been a short while now since the bid was tabled, I have become even more of the view that ATE and the Consortium are plain and simply "chancers" given by any metric the bid is laughable if not downright insulting. Lob a low-ball bid, with strings attached, and hope they might get lucky. Its half-way understandable if they had the coin to see a bid through to conclusion, but instead it seems some debt funding can't be ruled out. Makes you wonder what value they could realistically add to the company if they were successful. Ichor so far have not so far come out publicly with their intentions, so one presumes they would be looking at all options and scenarios. I'm still expecting one or more bids from other deeper-pocket parties that will blow the ATE bid out of the water.
 
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