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10:51
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Originally posted by bungalowbill
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Hey guys keep up the dialogue . I'm left handed & been buying specs over last 40 years. Looking forward & trying to read the tea leaves . Watch the trading & the ASX codes closely - there's money to be made here - especially by the brokers & the 2 controlling party broker representatives . Watch the crossings & if they start jumping over the buyers & sellers with their quarter cent buys . Remember another party could enter & build a stake - then the equation can change dramatically . A sell could suddenly turn into a buy , yes they will have to declare over 5 per cent in 3 days to the ASX. I know it's hard to hold but once your sold on market your out of any further action . We've seen this go to 23 cents half a dozen times so what's the hurry . It is still a fabulous resource . For instance it would be interesting to see the Chinese pick up 5 per cent . I think the hope here is if another party takes a stake . Another party wouldn't need to pick up much to stuff up their plan in the medium term . Sure they are trying to cut minority shareholders out of the action , but there could be more to come . I'm holding
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I'm not sure how this could happen in a real sense.https://www.allens.com.au/pubs/pdf/ma/takeovers-handbook.pdf
