BMN 0.42% $2.40 bannerman energy ltd

MaxThe beauty about a takeover, it cant succeed until they...

  1. 12,454 Posts.
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    Max

    The beauty about a takeover, it cant succeed until they release more equity into the market .. directors have stated that they & "friends" hold a blocking stake!

    So maybe after a Canadian cap raising increases the dilution of holdings, it might be possible. But could still be faught off without the compliance of other "longs"

    I am sure we will see a bid come in, possibly later next year ... but the SP will be a lot higher then, and any bid would drive it further through the roof!!!

    I look forward to it

    cheers
 
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