Australia's largest stock trading and investment forum Australia's #1 stock forum

CXX

Click for more information

0.00%

6.6¢ cradle resources limited

It's nearly the highest price this share has seen. Barely anyone...

First 21 Last

Share
Profile

Follow
nihilism

10,867 Posts.

394

10/03/17

11:50

Post #: 23246984
Share

Originally posted by strauss ↑

"Like everyone else, I am staggered.
The question is : why are the Directors selling out at this level?"

This is the bit that gets me

Its not the opportunistic low ball offer that surprises me as thats to be expectec by a bidder wanting the lowest price possible, its the fact that the directors and in particular IM is rolling over and taking this offer

"Directors of Cradle and other substantial shareholders of Cradle (Arredo Pty Ltd, Aviemore Capital Pty Ltd, Alba Capital Pty Ltd, Mr Brett & Michelle Mitchell, and Edwards Family Holdings Ltd), holding in aggregate 45.5% of the voting shares, have stated their present intention to vote, or procure the voting of, all of the shares held by them or on their behalf at the time of the Scheme meeting in favour of the Scheme, in the absence of a superior proposal."

I really feel for long term holders here, Ive only been here a few weeks and Im very very disappointed with this outcome so cant imagine how you must be feeling

Expand

It's nearly the highest price this share has seen. Barely anyone has lost money... not sure why people are pissed?

lost opportunity cost?

CXX Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 144 more messages in this thread...

First 21 Last

Add CXX (ASX) to my watchlist