Australia's largest stock trading and investment forum Australia's #1 stock forum

RAW

Click for more information

0.00%

0.8¢ rawson oil and gas ltd

Ann: LKO: Recommended Takeover Offer for Rawson Oil & Gas Limited, page-27

First 27 Last

Share
Profile

Follow
towie

30,381 Posts.

122

14/08/18

20:33

Post #: 34936068
Share

Originally posted by gosouth ↑

On the surface this is nothing but a dud deal for RAW shareholders.
And so says the market.
RAW is down from 4.0 pre-bid to 2.8c today.
The share price is falling because there is no better value in the take-over offer.
And a failed take-over accepted by the management means that the management have lost the respect of the shareholders, because of their appalling lack of judgment.
The takeover will not get close to getting up, based on this.
If LKO don't raise their bid materially, this play is over.

If someone took 5% of RAW right now and wanted to spill the board they would get my votes in a real hurry.

And wont the forthcoming RAW AGM be an interesting event.

Gosouth

Expand

Hi They now have 33.5 percent . Yes I think that they will get over the 50.5 percent but, They Will Not Get Mine . Do not interpret my posting wrong LKO and RAW will be a Very Good MIX Cheers Towie

RAW Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

AXP

Tambourah chases gold veins and mineralisation extension with drilling

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 23 more messages in this thread...

First 27 Last

Add RAW (ASX) to my watchlist

SPONSORED BY