Not on your life! Been there, done that, got stung more than once! :p
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https://www.nzx.com/announcements/326264
Range updated to $1.20 - $1.25
In time for Christmas 2018!
well, 50% loss is better than nothing left...
$1.224 - with a range of options to sell up or stay in a bit longer...
Looks like most of the fish heads are accepting the offer.
Looks very doubtful that anyone will be welcome to "stay in a bit longer".
All the directors and the 2nd and 3rd largest holders have accepted for 100%.
McCrae Ltd's considered sale of 20% of its holdings has probably raised sufficient funds to conduct the compulsory acquitsition of any holdouts over the 90% level.
It was after all speculation when I bought it from around 180 and averaged down a lot more after that so I'll just leave 50% off to continue speculating on this stock. Gut feels taking a continued punt on it is still the way of using that earmarked money anyway :cool: