GREY:NEVDQ - Post by User
Comment by
nofluffon Oct 25, 2021 5:16am
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Post# 34043555
RE:RE:RE:Could a knowledgeable person comment on
RE:RE:RE:Could a knowledgeable person comment onI can tell you what happened with hathor uranium corp about 15 years ago.
The principles were from saskatchewan, incorporated in bc and trading on tsx. A major corp anounced one day that they and friends had aquired the two thirds ownership necessarry to force everyone to tender at 50% above 150 day moving average within 30 days. So the price immediately jumped to tender price.
But not so quick. The tsx had a shotgun clause that opened a free market bidding war that could take all shares. So in came cominco and the french.
The price finaly settled about another 50% higher, with the majors announcing, they were quitting. So originals got it. Thats where I tendered,
But not so fast. The principles filed a law suit. The takers immediately upped there offer to where remaining sh tendered and deal was done.
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