Not long ago, last time Jindal put the prices at $0.42, then to $0.56
Now, they are back with lower bid at $0.25. But this time, they are more serious with official bidder statement and an army of advisers.
IMO, the initial low price of $0.25 is designed to test the market.
The very short time frame of offer to 6 May, only 1 trading week from now, indicates that they are rushing. Why ? they are afraid that if Kailuan Energy has enough time of due diligence, Kailuan Energy will come with better deal ?
Any opinions are welcomed
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