RE:RE:RE:ConcernsYes they voted with KA. I do not know the total ownership on Bay street but I would guess its 25%+ as harrington is 25-30, and KA is atleast 15+. That leaves another 10-15 for various other big players and the rest for us little guys.
When I asked why KA didnt just keep buying on the open market they laughed and said something along the lines of ' have you seen the volume? Theres no liquidity, sure they can buy 10,000 shares a day but what does that do for their % when they already own millions. At some point they are going to have to approach the big funds and offer a private settlement'.
The assumption is they have reached a standstill with Harrington as harrington is real stubborn and fought the KA takeover the entire way, and were the ones against the prevvious deal fo 200mil+ because they wanted more. Its a waiting game, will KA raise their offer or will Harrington lower their ask. Everyone knows the market is going to crash soon, so Harrington wil get desperate as their other assets go under, but at the same time precsious metals will rise, so its a matter of can Harrington weather the storm and thus ask for a higher offer as platinum soars or will they be under water and need to settle this for some free cash flow.
Noone knows but as things stand today it would seem Harrington is in no rush, and Hebei has a number in mind that at this current time they are not willing to budge on. A large reset in the equity markets could be the catalyst we need.