re: Ann: A$27 Million Takeover Offer by Palad...
What would also be interesting if the ngm price got bid above the offer price on expectation of further offers or on the belief that the offer did not reflect the true value of the asset.
Have seen this occur before ie Rey resources attempted takeover...sort of forces the bidder to up their bid or go away.
Interesting times ahead. Remember the golden rule on takeovers ...never sell into the initial bid. Deal is not done until 90% of share holders capitulate. Regardless of what the directors say...It is the shareholders who ultimately decide with their actions.
All IMHO
NGM Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
