The probability of rival bidders emerging is high, IMO.
GRAM will get themselves a bloody good deal at anything sub $3 - they're unlisted, state owned, long time-frame, access to capital to develop the resource, and a direct relation to consumers of the resource
PNA and the market know that
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- rival bids could be coming, hold on a minute!
rival bids could be coming, hold on a minute!, page-2
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