I think Wesframers is bottom fishing, if they secure KDR for $1.90 they got a great deal, They were already rejected once and probably were looking at others (like Galaxy ). At the end of the day those who can weather the storm and not accept a low-ball number will be rewarded and those who can't will be gobbled up. At the moment I see Sayona being one of the ones being gobbled up. Each day that passes with no new financing or clear directions seems to make them more vulnerable to friendly or unfriendly TO.
Ann: Sayona Expands Tansim Project with New Acquisition, page-45
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