Alta Copper Corp T.ATCU

Squaring the circle

[horsewithnoname]

How will Fortescue resolve the dilemma of pushing share holders out cheap, while at the same time needing 66% of 69% of the shareholders where they can not vote on for their favor - a failed take over bid would be a big headache for Fortescue who obviously wants the project as soon as possible. I still believe a fair take over bid is the best for all involved - Filo has set the stage. A failed take over bide support by the board would also raise questions regarding the viability of the board at the next opportunity to vote on and I would think that in such an environment maybe not even the Fortescue board members would get their 50% support votes - as many more pissed off shareholders will register and vote

[ForesstGump]

There is obviously a reason why Alta is trading at such a low value...

[swpb]

Darn rights shareholders would be paved at a low ball take over. It is obvious Guilio and the other fortescue directors are there to work to get a sale for 200million like many other fortescue takeovers. Problem is that DNT is worth more. This is an 800million to 1 billion mine and fortescue wants it for 200million.  Vote no or you will regret it while fortescue gets fat and rich.

[ForesstGump]

Problem is, they will need more money for drilling and all. Fortescue is getting Alta to spend and dilute . The longer it takes fo ra take over , the more the value will decrease per share.