To Chen, shareholders should take the revised offer as he sees that the outlook for coal will not be as good as it was in 2022.
Golden Energy and Resources’ (GEAR) (SGX:AUE
) shareholders had “better take the second chance” to realise their profits, says KGI Research analyst Chen Guangzhi.
Chen’s report on March 20 comes after GEAR increased its privatisation offer on March 18.
