BLV 0.00% 1.6¢ blossomvale holdings ltd

Nice to finally see some green.Do others think its Thorney's...

  1. 142 Posts.
    Nice to finally see some green.

    Do others think its Thorney's move that's forced MTQ's hand?

    If I was MTQ and had decided that I'd have a crack at a takeover, you would have done it at 2.5c, say a 100% premium = 5c
    But now that they've basically driven up the price themselves, 5c would have no chance.

    If it were to be a takeover why would MTQ boost the share price so much just to add 2% more of the register? Having to take over 85% or 83%, is there really that much difference and worthwhile driving the price the up for themselves?
 
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