takeover reply to bidder statement by 9 march, page-16

darryle

Good Morning,
I have just reread the ASIC rules & AHRs announcement dated 31 Jan and today (9 March) is the reply date.
Sunstar & any other potential bidder would know this is a key date.

Clearly the $0.28 has already been rejected (21 Feb)

The M & A consultants & AHR will deliver a professional reply to the bidder statement. Hopefully with the Independent scoping study current and potential valuation.

Sunstar then have the opportunity to increase there bid making it hopefully unconditional and to a level which has Board blessing.

Today hopefully will be interesting.
? Will AHR go into trading halt negotiating a further offer?
? Hostile takeovers rarely go through on the first offer.
? Is there a third party going to bid?
? What will happen to the Share price if Sunstar pull out?
? Directors spent $165K and bought @ $0.25 last week.
? The Chinese dont like loosing.

With the DOW being up today will hopefully be a good signal.

Lets hope the announcement is out before the open so we have time to digest.

I am looking for the word UNCONDITIONAL.

My prediction is unfortunately around $0.35. (Not bad if you bought at $0.25 last week)

Please DYOR and make your own decision.