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

SIR

Click for more information

0.00%

$2.52 sirius resources nl

IGO Takeover offer, page-30

First 30 Last

Share
Profile

Follow
nutcracker

2,675 Posts.

36

28/05/15

10:37

Post #: 15366544
Share

Originally posted by gosouth ↑

Looks like a done deal to me with the board and Creasy signing up to the offer.
There is no sign that the fundies are buying SIR in anticipation of a higher bid or arbitraging, otherwise we would be seeing massive SIR volumes going through.
If the funds don't think there will be a higher bid, then the odds of one coming are slim IMO.
Never say never - maybe an open door is that IGO has come off 20% since the bid, so the bid offer has dropped something like 10 to 15%.
I calc the current offer as being worth 0.66 x 4.84 = $3.19 + $0.52 cash = $3.71 + S2 = ~$3.81
So... market is pricing pretty close to the offer at last SIR sale of $3.78.
I am a mug because I bought first day, not anticipating that IGO would get hammered. Better learn from that one.

Gosouth

Expand

Shorts for Tues 26 May IGO 2,181,429 and SIR 1,299,255
Yesterday's were not listed when last checked......

As harryella [ who started this thread ] infers Quantum Minerals is in the process of a cap raise of ca$ 1.25bn, doesn't mean it is coming in this direction however I would not be game to be shorting SIR at this stage in the game

SIR Price at posting: $3.78 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BTH

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

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

GRL

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

WC8

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

MIN

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

There are more pages in this discussion • 56 more messages in this thread...

First 30 Last

Add SIR (ASX) to my watchlist

SPONSORED BY