FGE forge group limited
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CLO would need to bid $5.60 minimum to add in some premium. The...

  1. Veecat
    7,574 Posts.
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    12/01/12
    07:39
    Post #: 9539249
    CLO would need to bid $5.60 minimum to add in some premium. The fact directors declined the options and stated on record they believe value will be realized above this level is positive. There is a lot going on, FGE acquiring is the main driver of this run up I think. CLO need to act quite soon, by taking over FGE and taking on some debt it could also help them deter would be buyers.
    FGE Price at posting: $5.19 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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