re: Ann: WNI: Supplemental Circular re Takeov... They will probably use the 90 day vwap and add a takeover premium, say 40% if you're lukky. I reckon associates have been pushing the price down over the past 3-4 months, and if it's for something like this so they can have a go at getting 100% for cheap then it all makes sense.
It's fallen something like 70%. How did that happen?
From dcrowe23's previous post he said:
"90 day average price $2.96
Put your premium on that, $3.50-$4.00 or 40 WNI if you're really unlucky."
That falls just above the low end valuation of around $3.46.
I reckon dcrowe23 is about on the mark. The offer I am expecting them to do is between $3.50 and $4.00.
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