MOS - Mosaic Oil

[Ajax]

There is an article by The Ferret on SMH online (out at midday today and proabably in hardcopy tomorrow) on AGL Energy's non-binding bid at 15c for Mosaic Oil.

http://news.smh.com.au/breaking-news-business/around-the-traps-with-the-ferret-20100705-zwj2.html

The Ferret seems to be suggesting there may be another bidder/bidders about to enter the fray..."a chorus comprising Shell/Arrow and Santos".

 

[pointr]

I hope 'The Ferret' and GG are right about a second suitor. Would this possible and so far silent second buyer need to speak up before the 14th July date that is included in AGK's offer.????

 

[pointr]

So does a higher intra-day high and buyers waiting at 13.5cents on a much higher daily volume mean anything regarding the acceptance of the offer from AGK or the possible activity of an invisible and so far silent second suitor???

 

[pointr]

MOS now in a trading halt until market open on Friday or when announcement re AGK offer made.??? Also note Peter Garret has halted approval for Qld LNG for 3/12 to assess environmental imapct. Concerns here?? or just preelection posturing to boost green credentials?

 

[sval62]

G,day,
Could anybody tell me what the latest news is about MOS,I ask
because it seems to trading @14.5 to 15.0 cents and not going anywhere.

 

[pointr]

The board accepted AGK's offer for the company at $0.15 cents share a few weeks ago. There was one little escape caveat in case a higher offer occurred.

 

[Dome]

Deutsche Bank have recently been snapping up Mosaic shares. Would this be to gain more voting power or perhaps expecting another offer? One would have thought if there were to be another offer on the table it would have happened?