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10:39
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Originally posted by insaf
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Spot on. Common mistake. The main thing is clarify which is what u did. Once decimals and ratios are used in announcements, it can confuse a few people as we are normally used to dealing with whole numbers. The sequence you wrote is why in the ST i can see EVN rising until the 26th October. Imagine EVN was 1.50 (9c for the conversion into PXG) and EVN upped the cash component to 9 c. This would bring it closer to the mid point mark of the valuation of the board. In the rejection notice, the directors emphasised this was not a final offer and strategically EVN cannot risk losing this asset for another 30 or so extra million due to the natural synergies along with it's stand alone value.
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Like to think our boss has a strategic defensive plan. Hopefully PXGs broker house bros put up a large with trailing prop" orders and buy if necessary, like gotta stay ahead of the old EVN capping game play and block them somewhat trading between there multi churn same accounts...
