EXS 0.00% 26.0¢ exco resources limited

11.29% cu and 0.79 g/t au , page-55

  1. 1,943 Posts.
    lightbulb Created with Sketch. 2
    Superox

    To me it looks like you have no idea what are you talking about when comparing SDL & EXS offers. SDL takeover was (still is) highly conditional. Hanlong don’t have funding approved yet to finalize SDL takeover and it is unlikely to be completed at all hence huge discount in SDL SP to takeover offer. On the other side EXS bid is almost unconditional and if you accept it you can have your 19c in your bank acc within few days. We all know that @ 19c it does not cost SOL anything to takeover EXS. They even save some $$ on future royalties liabilities. So it is highly unlikely they would withdraw their low offer. So to say that SP could drop to 17c is ridicules especially as SOL could legally pick up all available shares on market @ 19c now that bidder statement is lodged. So currently the floor is 19c unless someone together with SOL wants to distribute early Christmas presents ( free money) by selling below 19c .
 
watchlist Created with Sketch. Add EXS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.