Here is an idea (I hope AWE are tuned in). If AWE were to offer a share swap, 1 AWE for say 5 ADI as an alternative to a cash offer then I would take the deal in AWE shares.
I had looked at the idea of taking the 40c and buyine AWE which would keep me in the play and spread the risk.(I still hold AUT and EKA).However I have calculated a tax bill > $200,000 so that was out. However if it was a share exchange through a take over the capital gain could be spread over some years as the AWE were sold.
Any comments from the experts?
ADI Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held