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

AQO NSE DLS

DLS is late for the move. MHR will not give up easily, page-14

First 14 Last

Share
Profile

Follow
davmarc

1,098 Posts.

68

16/06/14

15:15

Post #: 13529881
Share

Originally posted by invertedva ↑

davmarc,

There are also reputational risks at stake for management - i.e. directorships, working together down the road etc.

If the directors have in fact accepted the revised DLS unconditionally (i.e. not pending a higher offer from Magnum) then I find this unethical as they are essentially trying to block a higher Magnum offer (because DLS will now have an even larger chunk of AQO). This directly disadvantages the rest of the uncommitted shareholders whom these directors are meant to be representing. If DLS had only 20%, then Magnum might be more likely to put in a higher bid, perhaps for cash. I am surprised directors are allowed to do such a thing when they've been paid fees for so long to represent shareholders interests. Why didn't they simply say, we will accept the offer conditional on no higher offer from Magnum?

Expand

Invertedva,

Spot on my friend, you have nailed it.

This could become a matter the Takeover Panel would want to look into.

DLS Price at posting: $1.52 Sentiment: None Disclosure: Not Held

NSE Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held

AQO Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

There are more pages in this discussion • 51 more messages in this thread...

First 14 Last

Add AQO (ASX) to my watchlist