RAK Rakon

[ronaldson]

I would have thought a decision to reject a proposal was an easier exercise and therefore more likely to be prompt/quicker, whereas to firm up an actual offer underpinned by appropriate due diligence would be much more complicated/take an extended timeframe.

So is this worth a gamble at current pricing ($1.18/lower) given the upside would seem significant? And where will the market price go if negotiations are signalled to be discontinued, which is the downside risk?

Anybody feeling brave?

[SPC]

If any global chip player thought RAK was worth anywhere near the touted 'incomplete and subject to xyz' offer of $1.70 they would have rushed in now with a concrete counter. They haven't....

[ronaldson]

If any global chip player thought RAK was worth anywhere near the touted 'incomplete and subject to xyz' offer of $1.70 they would have rushed in now with a concrete counter. They haven't....

I thought I read somewhere that the US Government is currently massively subsidising the onshoring to USA of Taiwanese chip manufacturing plants, because of the current strategic risks to that jurisdiction. Perhaps that is what is skewing the scrum for RAK?

[Joshuatree]

Not when it comes to the black hole RobbinGson's! I'm so looking forward to some value accretive ,event,takeover etc happening and redeploying my capital elsewhere.Endless Patience required to releasing that value,holding for now,but I'm not holding my breath

[ronaldson]

I would have thought a decision to reject a proposal was an easier exercise and therefore more likely to be prompt/quicker, whereas to firm up an actual offer underpinned by appropriate due diligence would be much more complicated/take an extended timeframe.

So is this worth a gamble at current pricing ($1.18/lower) given the upside would seem significant? And where will the market price go if negotiations are signalled to be discontinued, which is the downside risk?

Anybody feeling brave?

OK, I confess. Since posting this I have added another 5k at $1.15 just in case. Not life threatening, and an outcome must be getting closer.

[ronaldson]

And still we wait! But I am salivating now at where I will be in the 2024 sharetrader competition if this has a positive outcome!

[Pricey]

It must be alive in some form or another. If it was off the table, then they'd have to disclose that to the market to comply with their continuous disclosure obligations. I can't see how they would not, especially given they have already announced it.

[ronaldson]

It must be alive in some form or another. If it was off the table, then they'd have to disclose that to the market to comply with their continuous disclosure obligations. I can't see how they would not, especially given they have already announced it.

True.

No real sign from market price action and depth that any info from inside is trickling out either despite the extended timeframe. Maybe that circumstance leans more toward a downside outcome?

[Pricey]

I think I will email them. Is it also something that the NZSA could help out with? They often advocate for shareholders and this is starting to feel like something we need more traction with ... alternatively, if others send in requests surely they will get the message.

[moimoi]

Doubt you’ll get a meaningful answer Pricey but let us know how you get on.

Market pricing, both currently and from the outset of the announcement of an NBIO, and the lack of any update 4 months in, make it difficult to allay the feeling that a change of control transaction @ $1.70 just ain’t happening.

GLTA.