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

DLS

Click for more information

0.00%

69.0¢ drillsearch energy limited

Eshmun any TO offer would require a minimum $2.00 bid to have...

First 72 Last

Share
Profile

Follow
etherazer

6,299 Posts.

48

04/09/15

18:22

Post #: 15938932
Share

Originally posted by eshmun ↑

Barneyw,

The people with the big pools of liquidity make the markets on most stocks listed on ASX and it is they who set the direction. The smaller investors can't "will" prices up so they either take a I'm better than thou philosophy towards their investments or they take a reactive trading approach. Well enough wasted words on this argument back to DLS.

Spacetrumpet,

I thought the same but I think I saw a similar pattern they when they were trading in the 60's range as well and look were we are now.

Moviedancer,

It would be difficult for them to reject a $1.00 offer being so far above the current shorter term VWMA. As Wealth888 says the longer they can drag this out the lower the bar becomes in terms of the VWMA averages presented to shareholders in bid. The directors would find it very hard to argue against a bid valued at $1.00.

Wealth888,

If it's a merger by way of a scheme of arrangement you'll have the option of holding the merged company for the longer run as well so maybe not all is lost for those holding at higher levels.

Eshmun

Expand

Eshmun any TO offer would require a minimum $2.00 bid to have any chance of success even in these low POO and low sp days.
A merger with an equal is a different story.

DLS Price at posting: 54.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

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

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

AXP

Tambourah chases gold veins and mineralisation extension with drilling

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 39 more messages in this thread...

First 72 Last

Add DLS (ASX) to my watchlist

SPONSORED BY