EAR 0.75% 33.3¢ echo resources limited

hi Deme, I wasn't having a go at you at all and apologies if it...

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  1. 265 Posts.
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    hi Deme, I wasn't having a go at you at all and apologies if it came across that way.

    My comment was based more on the vibe from social media and my disappointment following the news of NST grabbing so many loose shares at a measly 29c which in itself gives us an indication of the lowish expectations of at least some in the market.

    It's a bit like real estate auctions where a low opening bid can undermine the momentum for achieving a higher ultimate sale price in the absence of stiff competition. NST could now argue it only needs to pay another 20-30% premium for a full takeover on the 'success' of its initial bid. I just hope the rest of EAR's larger holders make it clear to NST that they have much larger value expectations in the event of a takeover and don't throw in the towel as easily when the end game approaches.

    Always respect the quality of your posts and I look forward to reading more of them as this story unfolds.
 
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