AGM 6.00% $2.12 australian governance & ethical index fund

zfx extend again

  1. 2,057 Posts.
    Looks like they simply won't take no for an answer.

    Extended till Monday, 7pm March 7th.

    According to the ZFX announcement they now have a MASSIVE 5.44% of AGM shares (which, by chance include the shares involved with the Takeovers Tribunal) - so that means they increased their actual stake by approximately 0.17% since their previous extension.

    Obviously now that larger organizations have become involved as substantial holders, all creating further road blocks for a cheap takeover - ZFX's attempt to "smash and grab" has turned into an expensive "trench warfare" approach to a hostile takeover - ensuring that what they had perceived as a quick, decisive and ultimately cheap acquisition will now be a FAR more EXPENSIVE and DRAWN OUT PROCESS.

    All this plays into the hands of the AGM board - allowing for further mine completion and exploration. This also shields the AGM holders from what looks to be some rather hostile market conditions headed the DOW's way.

    For those that fall prey to the ZFX fanboys on this, the AGM thread, I suggest you simply place them on ignore. You don't run the risk of thread moderation or suspension - simply put, they're not worth your time.

    Good luck to holders - again as I've stated many a time before, I'm out but will be back the minute ZFX walk.
 
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