IBG 12.5% 0.4¢ ironbark zinc ltd

did the directors expect a t/o offer, page-7

  1. 742 Posts.
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    IMO the main reason for the CR was to build a defensive block against any oportunistic T/O bids, as management knows that this thing is going to be world class and that the sp may not reach an acceptable price before the wider market wakes up leaving a very cheap opportunity for you know who.
 
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