TIE 0.00% 67.5¢ tietto minerals limited

Ann: Letter to Shareholders Regarding Zhaojin Takeover, page-11

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  1. 471 Posts.
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    The reason a bid should be made now is that the bidder can point to low production.TIE has a credibility problem with its forcasts of production.If months are allowed to go by before a bid is made ,there is a possibilty production will rise and the heap leach will be more definitive.Chijin is not far shy of 19% and this % shareholding will prevent months of creeping buys.
 
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