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

Shorts for Tues 26 May IGO 2,181,429 and SIR 1,299,255...

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

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

First 30 Last

Add SIR (ASX) to my watchlist