RE: RNS out...10 Aug 2018 14:44
If there is an offer tabled on Tuesday I feel it will be a poor one for long/medium term holders,I think the lights out RNS on Monday was to set us up for this as it was obvious that the sp would crash and many would capitulate. However I'm not sure it was meant to happen exactly like this? I do tend to think we would have been left to stew (and probably drift for a few more weeks with no news) but those pesky shareholders started interfering and found themselves in the loop.
In the original situation new holders would have been thrilled to bits with their 3/4 bags or whatever while long/med holders would have been just relieved (after THAT rns to get some or most of their money back.
Now the cat is out the bag though regarding permits I think the BOD would need to get a deal done quickly before the sp gains any more traction, potential bidders come back to the table or (as NEW_2 says) perish the thought any of the permits turn up. Hence the apparent hurriedly called conference call for early next week.
I hope I'm wrong and that we get a great deal one way or another but with the present BOD running this caper I'm not exactly confident they'll put our interests ahead of theirs.
Oh well, as they say time will tell. GLA