Hey S1mon.... i KNEW this is yr sort of stk!! How long have u held?
stonemason. I was going to write to UGL when FGE hit 1.20 and were publicly looking for a big partner. In the end i sold FGE (at 1.20!! after buying at 60c) and didn't bother. What a mistake that was! Anyway... yr points are very pertinent. 1) Now is not the time to canvass for a TO. RQL has massive 9 months ahead with both top&bottom line benefitting strongly. Time to look for a bidder is when SP is above say 1.20. 2) yr point re founders having a large stake means they HAVE to agree to any TO. Without doubt they will demand a significant premium.
Lets give company a few months. Then I'll write/call MIN and UGL in that order.
PPS. My biggest claim to fame re TO's was calling the takeover of St. George bank 3.5 weeks before it occurred. I also nominated WBC as the buyer. But didn't post on HC. Instead i gave info to a stkbroker who scoffed at the idea. On HC I called RIV a TO target waaaay back at $8.00 but nominated BHP as likely buyer. (RIO grabbed instead). BDL and one other i can't remember. I know MIN and UGL are both on aquisition trail and both are cashed-up.
RQL Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held