Under 400,000 shares traded yesterday says it all - it is not a "sell", and any conservative valuation of the iron ore equity demonstrates that any deal will need to be much higher than the market cap to be a fair deal for shareholders.
What was the first offer for Portman - a few bucks per share . What was the final offer for Portman - over $20 .
chinese buyer, cliff resources, or another, page-15
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