Running Commentary on the SP Movements., page-7489

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kcheers

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21/11/17

16:06

Post #: 28990643
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Originally posted by kcheers ↑

It seems some here think the SP should be connected to a battery source and so it can always be excited and go up according to happy posters? The market is the market. It is what it is. today is not that relevant to what the end price will be. In fact it allows people to top up more comfortably.

My thoughts are based on if a scheme of arrangement be the mechanism for transfer of ownership to the new entity. Voting (75%a) and regulatory approval etc is about 107 days. Does the suitors really need to have the market go up in SP by them accumulating? Maybe its just some Chinese funds mostly been active recently?

Sure, the new suitor would be in a better position if they accumulated 5 or 10% on market, but then they would push the market up further.....and further if they all had that intent. What is the rule in this action? Im not sure how their position is treated, on whether they can buy more etc when they have already set a position and getting the ink well topped up ready for signing? maybe they cant buy now and bidding expressions are just more than hearsay?
So what is the detail around 1-6 suitors and their market activity ability at these times?
My view is the real value will come when the most dominant player shows they want it regardless. Not market supply and demand. that's going to catch many with their pants down. guys like "Love whatever" who's off to A2M for some fun before coming back to get the drilling value, are just relying on luck and timing. Pants down or wet their pants? Stocks like this; with the fundamentals it has do not present themselves very regularly at all. So why play in the sand and think you can time it?
yesterday, a massive near $300 mill US$ amount set aside, near our MC for 60%. We are heavily discounted and as many may view this as a little harsh....I agree....and think this discount could reduce from here.
Now we have the games to play and a possibly stagnant price for awhile to shake of those that don't think 3 or 4 bags from here in 4 months is a good result.
(no time to proof, staff yelling at me!)

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Does any reader have knowledge on schemes of arrangement and how a suitor may accumulate or not accumulate? this is my burning question in the post I captured.

AVZ Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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