citi coal m&a observations and opportunities, page-3

If you were a larger company looking to acquire RES through a T/O, wouldn't it be wiser to make a move now when the SP is down and then fund mine development through either cash reserves or 100% debt? In the long run this would maximise long term profitability and do away with SP dilution after acquisition.

I'm sure if a big fish offered shareholders $1.00p/s or even 80-90 cents most of us would take it - even the instos would consider it a decent gain.

Or, is the risk factor still too high?