At least in the case with Bowen, shareholders ultimately made the decision not to go ahead with the takeover, in our case management decided to screw over shareholders.
Yes I did buy based on takeover speculation. I cant speak for the majority of shareholders, but I would say that a vast majority also bought based on the take-over based on volumes over the past 6 months.
Lets hope that Rocklands announce soon that they will be drilling to get a more definitive resource base.
Im eagerly awaiting the next announcement from Rocklands as to their next course of action.
RCI Price at posting:
25.0¢ Sentiment: None Disclosure: Held