OTCPK:STVMF - Post by User
Comment by
Rick2012on Jan 14, 2017 1:20pm
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Post# 25708399
RE:RE:Let the games begin
RE:RE:Let the games beginWin-win for Total. If they succeed in the Bid by offering more, they will have at least bought up to 5% of Savanna shares in the $2.10-$2.20 range?, then they can increase their offer to $2.70-$3.00 range to seal the deal. If they don't raise their offer but let's say Precision Drilling or other company comes in with a $3.00 bid, then Total makes about 80 cents profit on about 6 million shares for a quick and easy approx. $5 million profit!
The buying pressure of the open market purchases will likely drive the price higher and thus should make the urgency and premium higher for acquirers.
Savanna appears to be the BIG WINNER in this whole deal as they are likely to accept a higher offer within the next few weeks. Anyone investing in Savanna below $2.30 is likely to walk away with a 25-35% profit within 2 months max. If you annualize that return it is huge.