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Gold/Mining/Energy : ABER RESOURCES
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To: Libertarian22 who wrote (901)12/18/1998 11:18:00 PM
From: bill  Read Replies (1) of 2006
 
Can you elaborate? I assume you're talking US dollars since the
price in Canadian dollars is 8.25. The price of the stock is
public knowledge. The volume is not huge but there's enough of it
that if someone wants to sell a small retailer's position, he can.
Unless it turns out that ABZ has it wrong and those aren't diamonds
but bits of window glass left over from a DEW line emplacement why
would anyone take less than what is being offered by the market?

I don't understand how a tender offer works except in those cases
where someone wants to take over a company. Are there other cases
where a non-market tender is made? In the case of taking over a
company does not the company making a tender have to declare its
offer publicly and make either a hostile or friendly bid?

Sorry to be so unenlightened but I've never come across anything
like this before.
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