Excuse my ignorance about market takeover rules, but can someone explain.
What's to stop Jindal from waiting for their on-market bid to close on 5 July & then continuing to purchase stocks & accumulate an increasing share in the company. IMO, on 6th July the price is going to be heading straight down back to around 15c & probably lower by the looks of current market action. On the 5th I think just about every one except Benny will be bailing out because ,although the resources might be worth a lot more, I think most holders realise that 30c is about the best it's going to get with these clowns running the show. Is there anything to stop Jindal from buying into any selloff on the way down ?
RCI Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
