Clearly the uptake by shareholders in not sufficient so via a different forum the same nonsense re a minority shareholding is being spouted.
marketscan it's quite clear the directors have thrown shareholders under the bus for a bonus re performance options and retaining their jobs in the new company as bcp have flat out confirmed. If they sack all staff and put in a skeleton crew they are doing the current shareholders a service.
no other activities going forward perhaps you are forgetting galoc phase 3 and west linpacan redevelopment ?
plenty of shareholders will get be happy to invest if a new strategy of development no exploration spending and dividends. If bcp cannot get outright control they will still want an income stream as alluded to in the offer document.
share price will drop not sure about that with far fewer shares on issue and a current player clearly interested in picking up the remaining shares the downside risk is tempered with upside potential from redevelopment of existing assets.
as a shareholder the thing you can do is hold shares and not let bcp take over nido.
if you are up sheet creek and want to sell why do you still hold the shares and are trying to influence others decisions by offering up your friends "insider information speak"
We all know bcp offer would be accepted by 90% of shareholders if the offer was more generous . The fact remains it would be far easier, simpler and less dragged out if those measley buggers bcp upped the offer. They will not get 90% with the current stingy offer and the further they drag the chain via extensions the further we get to drilling news re gobi and potentially galoc phase 3 updates.
Bring on a higher offer BCP
NDO Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
