GAZUMPING25 Mar 2021 11:59
Morning All , I see the MMs are tinkering slightly again anyway onwards and upwards.
As the title suggests have, we had a little bit of Gazumping going on. I can just imagine the scene now, the EUA board are just entering into the UBS boardroom like drum majorettes with their palladium pens spinning high in preparation of the big signing and the phone RINGS. As the ringing gets louder all the palladium pens come crashing to the ground and silence descends with all eyes turning to the head UBS deal maker.
He takes the phone from his pocket and places it to his ear, everyone around the room is waiting with bated breath whilst dealer listens intently. When suddenly tears start rolling down his cheeks but the grin on his face becomes that wide he resembles the Joker.
A further minute passes when suddenly he announces “lets get outta here guys there’ll be no signing today, Mighty Miners of Mollanski have just offered $2 Billion more. So chew on that suckers See Ya !!!!!!! With Christian James & Dimi shimmying away in unison singing “Who wants to be a Billionaire “
Sorry about that just seem to let things runaway but in seriousness what would happen if someone Gazumped at the last minute? Is it back to the drawing board with the legal paperwork? Can someone Gazump even when a binding deal has been signed.
Maybe just maybe this is the reason behind all the delays
Have a nice day all and GL