re: Ann: NGF: Takeover Offer for Kalgoorlie M... Yep Rifici, .00918c per KMC share, not even 1 cent a share, which I was at least hoping for, though 1.6c would have been good, then I could have broken even.
The KMC directors are going to accept the offer, so with Lee and Kwok accepting then it is a done deal really.
And you are right, NGF's liquidity is very poor, and as you said, I can guess what will happen to the share price once all those KMC holders want out, in reality they will probably have to accept 10c to 12c NGF just to exit, which the owner of NGF might be very pleased to buy at those prices.
A very poor deal indeed.
No choice but to agree to the deal, or sell KMC on market.
Gw
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