Neo Performance Materials Inc T.NEO

Hastings Technology Metals

[divime1]

is in big at $ 15 . They won't be excepting a takeout at this price .

August 26, 2022, Hastings Technology Metals Ltd. announced it had entered into a binding share purchase agreement with an affiliate of Oaktree Capital Management, L.P. to acquire 8,974,127 common shares of  Neo Performance Materials Inc., representing a 22.1% shareholding, at a price of $15 per share, for an aggregate purchase price of $135 million.

[Possibleidiot01]

"The strategic review process is not being undertaken at the request of Hastings." it's in the press release. Hastings is probably unhappy with the current price but this is a long term investment for them. I'll repeat this is not about a takeover ; it's about preventing a takeover at a lowball price . JMO

[Aldoal]

The stock was wildly traded by insiders ahead of the release brazen, is this all OK

[Possibleidiot01]

I'm having trouble verifying your claim. SEDI web site is down and the best I can do is this . In other Neo Performance Materials news, Senior Officer Kevin Morris bought 7,000 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of C$6.09 per share, with a total value of C$42,630.00. In other Neo Performance

[Aldoal]

Are you looking 4 trading days prior to release 1.5 kk traded most 4 day segments prior for 4 weeks average maybe 250k so 6 times volumnThat is front running if I have seen it

[Possibleidiot01]

No , I wasn't looking at that ; you mentioned insiders - board, management etc. No proof of that. Here's what the Globe and Mail has as a headline for the question. Not 6X.   On average, NEO Performance Materials Inc has traded 150,757 shares over the last 5-days and 77,997 year-to-date. The TSX overall saw 1,600 price advancers against 3,644 declines and

[Aldoal]

Insufferable

[blindpig]

Neo has a shareholder rights plan that was put in place last year that would kick in if someone aquires more than 20% (Hastings is grandfathered in since they have slightly more than 20%). Hasting got the money to buy their shares from Wyloo Minerals.  Wyloo Minerals is the company that bought out Noront Resources in Ontario's ring of fire.  Could Wyloo be considering to buy Neo