Completely agree with you!!! Even though I am on profit I am not...

First 114 Last

Share
Profile

Follow
badhan

2,452 Posts.

28

22/02/18

05:36

Post #: 31241428
Share

Originally posted by Emerger8 ↑

My view is that this is far from a done deal. It appears they just want control of the company, not a full takeover. They are satisfied with 50% plus. The terms talk about acquiring 50% of the company shares, not 50% of a vote. Hence the term "control".

It appears they will send paperwork out for us to sign over our shares not to vote. t's totally up to you if you sign over your shares. If they get 50% plus they will pay those holders out. The others will stay.

The way I see it is if we "do not" accept the offer and sell our shares to them then they carry us through to production. For a mandatory takeover they need to get 90% which makes it compulsory/mandatory and you are compelled to sell. Other than that your still a shareholder.

This offer I would suggest is the first offer of several that they will "try" to convince people to sell. Of course they will try to get as many shares as possible on the cheap and increase the offers from there.

I've seen this strategy play out before and the shareholders who hang in and didn't take the offer made some big money, and I believe the same can happen here.

If they don't get 90% shares there's nothing they can do if you want to stay.

I am happy to be corrected but that's how I am reading the announcement. I'm staying in for the ride.

Expand

Completely agree with you!!!
Even though I am on profit I am not selling instead buying more!!

PGO Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

TVL

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

PGO

Pantera begins drilling of maiden test well at Smackover

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

QGL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

There are more pages in this discussion • 22 more messages in this thread...

First 114 Last

Add PGO (ASX) to my watchlist

(20min delay)
Last 8.4¢		Change -0.005(5.62%)		Mkt cap ! $10.09M

Open	High	Low	Value	Volume
8.7¢	8.8¢	8.4¢	$41.07K	481.6K

Buyers (Bids)

No.	Vol.	Price($)
1	5056	8.4¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	131766	1

View Market Depth

No.	Vol.	Price($)
1	66000	0.075
1	10000	0.071
1	50000	0.070
1	200000	0.065
1	67231	0.063

Price($)	Vol.	No.
0.081	20103	1
0.082	25517	2
0.110	991	1
0.120	80000	1
0.150	12000	1

Last trade - 15.52pm 07/11/2024 (20 minute delay)

PGO (ASX) Chart

Completely agree with you!!! Even though I am on profit I am not...

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Pantera begins drilling of maiden test well at Smackover

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

Buyers (Bids)

Sellers (Offers)