STX offer guessing game, page-15

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barneydigs

6,695 Posts.

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28/07/23

16:50

Post #: 69044224
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Originally posted by RedRooster2: ↑

Hey JTS2018
IF in fact Strike does present an offer and if in fact Talon management recommend accepting the offer then YES the SP would generally hover around the offer price.
BUT the next stages are when it gets interesting.
IF Talon shareholders believe the offer is undervalue and decline to accept the offer and the offer expires then this puts a spanner in the works for the acquirer, who then must decide whether to extend the offer or present a new HIGHER offer. and this scenario can be repeated and go on for considerable time as it did for us recently with Norwest Energy and Warrego Energy.
Important fact to understand is that, yes, the SP will generally track the offer price, if the offer goes up, so will the SP.
Important fact, you are not in danger of losing your shares.
Important fact, it is not compulsory to accept an offer.
Important fact is it can, in fact be very rewarding to hold onto your shares.
Important fact, the acquirer needs 90% of Company shares to force compulsory acquisition.
Important fact, getting to 80-90% of holding can be a difficult & time-consuming journey.
Important fact, that is why it is important the takeover offer is FAIR to be successful.
We don't know the facts until Monday's announcements BUT we all need to remember not to jump to soon, gather as much info as you can to make an informed and sensible decision, let it all roll out and don't forget the goal posts CAN move.
Don't get spooked into making a hurried decision - an offer can be extended an offer can be increased an offer can come from another party.
Then of course at some stage an offer can also be accepted.
All my opinion and hope it helps.

GLAH & Good sense all holders.

Expand

Much of that only applies if it is an off-market take over attempt. How an off market attempt which excludes Mongolia would work i have no idea. So more likely imo to be a scheme of arrangement where the requirements are 75% of total shares vote yes and 50% by number of shareholders.

TPD Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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