RE:RE:Hostile Bid TakeoverAnyone can bid any time. Most would probably go to management first and make a friendly one. A hostile one would usually but not always be preceeded by the acquirer trying to gobble up as many shares as possible at the lower price, which is very hard to do with the low volumes of SGNL shares traded. We would clearly see the stock price and volumes rising significantly if this was happening.
When the bid is made, the only thing that stops it from going through is the will of the majority of shareholders. So, if the offer is too low to entice enough of us to agree to it, it won't go through. There are also a couple defences that could be employed by the board to prevent it from going through as well.
With the relatively strongly held shares (as evidenced by long term relatively low volumes) and a fairly informed shareholder base, it is not likely that an undervalued offer would go through.
There is a big potential change in value coming with what the Dolliver Mountain are results are. There could be some real action once those come up. 5 million ounces is a magic number for the majors.
Here are some more details:
https://www.investopedia.com/terms/h/hostiletakeover.asp#:~:text=A%20hostile%20takeover%20occurs%20when,fighting%20to%20replace%20its%20management.