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1.1¢ pioneer resources limited

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5,541 Posts.

305

01/02/19

16:53

Post #: 37303151
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Originally posted by w27 ↑

Originally posted by Quiono
It is possible that SinoMine may run the ruler over PIO as a target. To a multi commodity trading house that is on the acquisition trail, a minnow like us with underfunded but promising assets wouldn't be a very big mouthful. Especially if they suspect there is more Cs to pump into their new specialty fluids business $ 50mm bucks (just over 3c per share) would probably get them a controlling interest imo.
Attemting a takeover of a microcap like PIO is a very difficult thing to do. There are too many sharks out there who want a position and the sums are too small to discourage even the smallest wannabe. Experienced operators will not attempt it unless they have directors support and a good lump of shares tied up. I can't see this board agreeing to accept a takeover at 3 cents. any offer at that price would see an immediate jump.

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I agree, right now it should be around 10c based on the good news today, any takeover must be premium to that imo

PIO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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