re: Ann: A$27 Million Takeover Offer by Palad... Hey guys, I've...

re: Ann: A$27 Million Takeover Offer by Palad... Hey guys, I've just been keeping an eye on NGM since the PDN offer was made, have noticed it trade at 0.135 to 0.14 for a while, which made sense, as people can buy at 0.14, wait a while, and then get 0.15 from PDN takeover, so you can expect a profit in the medium term.

But what i've noticed in the last couple of days, is that the NGM SP has crept up and was trading at 0.145, and I thought, ok, people are now happy to bank a $0.005 profit come take over time, but today, I see its trading at $0.15, which is the PDN offer price.

I presume this means someone is buying hard to up the SP in the short term to manipulate PDN into putting in a higher offer? Pretty much what you said Disco right?

If this is not the case, then I can't see anyone in their right mind paying $0.15 for NGM when they won't get anything out of the takeover offer from PDN. unless they know something that retail investors do not.

Comments??