Ann: Theta Gold Takeover Bid for Focus Minerals Limited, page-6

it just seems like a really low brow offer and it makes me think that TGM mgmt are a pack of chancers
im not saying FML mgmt have been brilliant either. What im questioning is (besides co-efficiencies and to an even lesser extent valuation) why have TGM gone for this when they have a project to focus (no pun intended) on.
I cant make sense of the move. If TGMs SA underground is a going concern why do they need distractions, If TGM were already cashflow positive then it would be a different story. This move, being so lowbrow as to be unrealistic raises more questions about TGM mgmt.. what are they up to?.. why are they going this direction?.. is it smoke and mirrors? is this a fallback cushion (if sucessful) if there are regulatory issues in SA..
i dont claim to know the answers.. im raising questions and willing to listen to inputs .. the whole thing is just raising alarm bells to me because its so out of whack.