The average price of MOS has been 16c approx so I have been told on numerous occasions, so this 16c - 16.5c level is nothing that special. It appears on average that MOS sellers can always sell at around this sort of level.
Yet for the first time in a long time MOS is surrounded in some interesting news. From takeover rumours at 25c+ from two potential buyers to the fact that COE has just bought a 6%+ stake. And yet people sell out at "average" prices.
Everyone knows COE needs a 10%+ stake to be able to take advantage of their recent aquistion and they will pay if you make them. The 6%+ stake is useless on its own.
Unless of course they know there are other contenders such as OSH (which is only rumour at this stage) at 25c and they can cashout. They do have a smart management no doubt.
But either way whether it's COE or potentially OSH or another buyer thats been hinted at why would people accept this type of average price. Make them pay they need your shares, I'm suprised sellers aren't holding out for at least the 18.5c - 20c minimun which gives you a decent quid and buyers a reasonable profit if all the goings on come up trumps.
Remember there does seem to be alot of interest suddenly so somethings up, COE is proof of that!!! Either way its less than three weeks to see if all the rumours are true so I will be waiting, there not geting my shares cheap. And whats the worst that can happen I either:
1) Get an average price of around 16c like now
or
2) I get 25c+ on my shares.
I wonder which option makes more sense and all for little or no risk.
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