RE: Interesting17 Jul 2020 12:33
Below is the post that Folio is referring to:
"Having previous worked on the board of an AIM listed business, which went through a sale, to another AIM listed business, I also can confirm this is accurate.
The point about buying shares in the open market is absolutely right. Those potentially bidders are now ‘inside’ and will be, whether they make a bid, or not, for a considerable period of time. They cannot trade shares.
If a potential bidder decides to show their hand by buying shares in the market before becoming a bidder, and being inside, it would drive the share price considerably higher.
Where I disagree is the current base case has flanks fully priced in. I accept there maybe some value already priced, but until it is formally in the public domain, risk to it not being signed off exists.
The flanks, assuming the assumed reserves are validated, adds 7 x to the assets."
I wouldn't mind seeing the sp multiply by x 7 asap ideally before bids have been received, hopefully we will have news very soon!