RHK 1.27% 78.0¢ red hawk mining limited

BBIG website, page-42

  1. 935 Posts.
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    Why waste company money on another Independent Expert's Opinion when a comprehensive one was done by Earnst & Young for the 2011 takeover offer by MMK. (Refer to section 8 of the 2011 offer document). If 30c was fair and reasonable then, it must be the minimum benchmark now (equivalent to about 17c/share after dilution. If there is to be another offer (which I doubt) then it would have to be 17c or higher else they are wasting their time. By the way 17c would take a lot of us out I believe including myself.
 
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