new chapter for annt and sunnday hill project, page-2

johwhi

I would suggest the board only did the deal with MIN at the last minute because the Mighty River action forced MIN into making a more attractive offer than they had previously made, or miss out altogether.


Mighty River yesterday announced a further ~ 10 million shares purchased up until 22nd March to give them ~88Mill shares of 14.72% and it is probable they were the major buyer of shares yesterday, so they may well have more than 90 million by now.

Given that Mighty River hold far more shares than anyone else, the share registry is wide open, and there will be some shareholder backlash against the existing directors, there is a good probability they will be successful in removing the current board.

What happens after that ?

Maybe a settling back in price over the next few months while the new board settles in.
Then higher share price as the new board impliments its plans.
Maybe a higher bid by MIN.
Maybe another bid by some other interested company.( as alluded to by Alan Scott)

But even if the Mighty River board takover is unsuccesful on Friday, it is still possible that someone will overbid MIN.

So however you look at it, in the medium term, the share prce should go higher.

DYOR
Caveat emptor

Bendigo