Debt of gratitude to the LUNatics -- YES !!! -- honest Dispite panning the LUNatics in many posts I appreciate we in fact owe them a lot
a) they publicized their proposal to bid - tweeking interest
b) they established a mimimum starting price of $5/s
c) they further enhanced the share value by making an all cash offer (albeit at a slightly lower price)
d) they forced NSU's to disclose a lot by making a formal $4.75/s bid.
We now know a lot more:
* there are 18 interested parties - mid tier and large mining companies
* 3 parties are looking for some sort of an 'arrangement'
* a 4th is likely looking at a 100% take over
* the NSU Bof D has publically stated that NSU is worth much more than $4.75/s
* the Bof D is actively looking for a suitable suitor
e) for those who may have considered buying LUNatic shares - the LUNatics have clearly demo'd thier incompetence and provided an insight and lots of reasons not to buy LUNatic shares
(I particularly appreciate this aspect because I was have been considering and watching LUN shares for the past year or so)
So - once again --- thank ou !! thank you!!! LUNatics - we owe you (gratitude only)