QOL - Queensland Ores

Metallica called me up again today, 2nd time in about 2 weeks. Just told them I haven't taken any action yet, they weren't pushy and just asked me to read their bidders statement.

ands said:

Metallica called me up again today, 2nd time in about 2 weeks. Just told them I haven't taken any action yet, they weren't pushy and just asked me to read their bidders statement.

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That's interesting... do u know who called u? or do u have a fairly significant holding in QOL? It's unusual for a company to call up another firm's shareholder, I wonder where they got the contact details from...

Here we go. OUM lifts their bid from 4.79 to 4 OUM shares for every QOL share. Hopefully this encourages Metallica to increase their offer. And the bidding war begins...

Have any holders taken any action in regards to this takeover? I haven't as of yet.

Metallica just called for the 3rd time, they must be keen...

Metallica's offer is so weak that it would take me ages to even get to the breakeven point but on the other hand they do have alot of cash (will survive for a while to come). Outback's offer while more reasonable (in the scrip ratio sense) is cancelled out by the fact they have hardly any money (will be forced to do a capital raising in the near future?) and their stock is so illiquid you would be hard pressed to get a sell.

Does anyone know the rules for CGT rollover relief?

I might just sell on market...