If another party bids higher than CF is willing to go, then I imagine CF will fight it tooth and boot for best price and we will see a remarkable turn around in opinion from them (and possibly the disappearance of a few HC posters!)
It's obvious this current SP has very little bearing when considering T/O value of the company. We all know how sharp and quick the recent fall was and we all saw the rest of the Cu market tank as well, followed by retrace..
DML of course did particularly poorly with CR hanging over it, but a TO bid negates CR and price impact.
Any suitor will no doubt try to fool the market with statistics in letter of offer, yet the board will rebutt such attempts and even the dimmest of SH's won't fall for first offer.
DML Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
