Aside from complaining about the low offer price, it strikes me that we have an opportunity to make a 17% ish gain by buying at 23ish and selling at 27ish (the fact that the sp didn't spike to 27 creates an opportunity imo). Is there much risk that the offer will not eventuate and pass the other hurdles? Anyone agree?
I'm not surpriced at a 27 cent bid price given the share price history over the last few years and the general state of the markets. Though I agree it's still kind of undervalued and there is a reasonable chance of further bid(s). ... all just my gut feelings.
(as a holder i'm pleased to be making some money for once!)
Cheers.
NGF Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
