Logically I can't see what Michelmore is trying to do. As I have said on a few occasions, he has failed badly so far. This I measure by his stated aim of grabbing 30% and his actual result which is 5% in dispute.
As I posted yesterday, he must be punting (should leave that to the beards)on another significant market fall in order to get people dumping for $1.
AGM just closed at $1.07. That is a significant rise today for those punting on the higher offer.
Any other explanations for his tactics I would love to hear.
Chinkiat
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Logically I can't see what Michelmore is trying to do. As I have...
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