i hate this offer, if anything, it simply caps the share price uplift to 6c. Pathetic. And the bad smell wont go away until FEB next year.....i already shredded the docs!
in answer to ur q tbrin: dont do anything, hate to agree with the directors, but inaction is the best course, this offer is low ball and opportunistic and $25m for our mongol + $25m for all our vast auz assets is rubbish.
what u really have to wait for is SALES, the results of the 2nd coal trial test (quality), and offtake agreements! I want to see more pits opened and a clear plan to reduce debt (December deadline) and ramp up to 3-5MT
forget this offer, tear it to shreds, encourage all my 10c++++ avg old timers to do the same.
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