SGL ricegrowers limited

re: what is going on "One wrong move and deal off" - gather you...

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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  1. gasman9
    697 Posts.
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    01/02/06
    13:44
    Post #: 1349477
    re: what is going on "One wrong move and deal off" - gather you are talking about all the limitations QGC put on the offer, 50% acceptance, don't reduce cash and so on.

    My guess (and borne out by quarterly report) SGL management are going about business, drilling wells/pumping gas to AGL network/banking cash rec'd/getting their old reserve report updated.

    "risk" - QGC are taking a risk spending a couple of million launching the takeover offer. But the QGC shareholders/investors are being tapped for a rights issue for that money. Hope QGC management keep one eye on their main game while they work on bid statements/consultants and so on, as they haven't delivered any gas yet.
    SGL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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