Shorting it today! The MMs have bought a lot of shares today but they are not getting mine. Good luck if you got out but the costs are down and the assets are interesting. I can't wait for all this uncertainty to blow over and normality resume.
Was priced into the SP. So they offer a conditional 7.25p per share in a share for share sale. I value the assets at a lot more so tell them no from me.
RE: Bidding War
There are other people interested in Tethys so I dont think administration is on the cards.
RE: Bidding War
I'd rather lose the lot due to Tethys going into administration than accept that offer from Nostrum .
Why have they not just told nog to shove the offer where the sun don't shine, very strange, hope things aren't that bad that they are considering the offer - the rns notes that they require further clarification on a few points due to the offer not being binding & highly conditional? How about saying the offer isn't satisfactory!!
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