From my experience with takeovers is the takeover Price or Deal is agreed in principal prior to the trading halt. The Largest shareholder is Gary Fallon Holds 7.91% Plus 2.11%= 10.02%. Director Gage Resources Pty Ltd , a company associated with Grant Craighead Holds 6.9%
Therefore the two key directors hold 17%. The top 20 hold 54%.
Gary & Grant very experienced geologists and are no fools and they would have had a understanding of the outcome of the Resource upgrade and the scoping study prior to publishing. Therefore have a takeover figure they would expect.
One could argue that the Top 20 holds or 54% are the Friends of AHR.
Clearly the negotiations today and tomorrow will ensure board approval to an offer.
My GUT Feeling as per Beans 75 we could see a share price out of the scoping study of $1.00 to $1.50.
I am expecting a takeover offer around $1.00 then adjusted for the extra shares issued in the SPP.
After all we have an Antimony resource valued at about $360 Mil after the 60% upgrade and still to be defined. Mine setup costs of about 40Mil and 40Mil Plus10Million million shares on issue. So I am expecting $0.80 to $1.00.
Time will tell.
Please do your own research.
AHR Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
