GREY:ESOFD - Post by User
Comment by
Campinon Aug 30, 2013 11:17am
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Post# 21709381
RE:AMW management
RE:AMW managementI can think of a scenario where control matters, say FCU has control and is bought out by a major then that major can play games, delay the drilling, test random targets or reduce the exploration budget, etc... All to frustrate AMW's shareholders into selling and once AMWs shareprice has been sufficiently depressed try to pick it up on the cheaper side (for example)...
Also, Toriddog if this is a merger then yes you are right and no premium should be given but that will only happen if it is a merger of equals meaning equal say on the board and upper management.. But if Dev really wants to go hostile and then he better offer a juicy premium because I think that is the only way a hostile takeover would have a chance of succeeding...
Remember Dev started this, none of us wanted this at this point, I think we all just wanted to focus on the drilling and prove up the pounds... Honesty a merger only has to happen when they want to shop it around so it does seem that Dev wants to give it up cheap as he seems a little too eager to get this done...