The Board will need to reply. I have been holding AJQ for their multi bag potential (no disrespect intended to original IPO holders) and will not be selling for anywhere near 12c. I do welcome the offer though as it will generate some more interest in the stock. Stars are starting to align now with AED offer, NEGI etc so I wouldn't be surprised if one or two additional interested parties show their hand.
AJQ Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held