you're saying spot price, the sales/M&A process and different strategies and tactics of the companies don't matter... which doesn't make sense
about 2/3rds of M&A fails to add value. Corporate history his littered with trash M&A... look at RIO buying Alcan, BHP buying Petrohawk etc.
https://www.mining.com/the-worst-mining-deal-ever-rio-tinto-buying-alcan-for-38-1b-37600/
https://www.mining.com/my-best-and-worst-decisions-outgoing-bhp-billitons-marius-kloppers-76452/
that's now twice you've failed to make a rebutting argument.
Ann: December 2023 Quarterly Activities Report, page-26
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