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

AQO NSE DLS

Invertedva, Spot on my friend, you have nailed it. This could...

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

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 48, 2024

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

First 14 Last

Add AQO (ASX) to my watchlist