Yes, it would be good to get another bidder.
But this is a heck of a positive sign that the stock strengthened so sharply upwards after the halt-trading was pulled.
And yes; this announcement is worded and sounds like a "definitive deal".
We have often thought of Lakeside as more or less a two location manufacturer; but i was pleased to read
again the description of the company; pasted here from the news announcement:
About Lakeside Steel Inc.
Lakeside is a 2011 TSX Venture Exchange 50 company and the parent company of Lakeside Steel Corporation, Lakeside Steel Alabama Inc. and Lakeside Steel Texas Inc. Lakeside has operating facilities located in Welland, Ontario, Thomasville, Alabama, and Corpus Christi, Texas, and two processing facilities currently being constructed in Thomasville, Alabama. Lakeside is a diversified steel pipe and tubing manufacturer with a focus on manufacturing and upgrading Oil Country Tubular Goods. Lakeside's list of customers includes large oil and gas end users as well as distributors across North America.
So, Folks; what now is the potential of the share price under the new owners; will it get back up to say
fifty cents a share, and by when?
BUY ALL YOUR STEEL TUBULAR GOODS FROM LAKESIDE STEEL !