PXG 0.00% 15.0¢ phoenix gold limited

Ann: EVN: Intention to make takeover bid for Phoenix Gold, page-10

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  1. 6,287 Posts.
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    IMHO many different outcomes possible

    maybe agreement between Zijin / EVN as neither could fully takeover PXG without the others shares as I understood 90% min to get 100% control ....so say Zijin getting a percent of PXG assets close to NGF plant for there shares etc ..


    Or one just goes for control i.e 50.1% etc and in turn pushes PXG too their favor ..maybe hoping the other will sellout ...IMHO EVN more likely to do this..

    As much as I would like to see us S/H's get the fair deal 18c-20c+....think thats 50/50 at this stage
    Last edited by Sharetrader78: 25/08/15
 
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