very emotional stuff too spiderman. i dont control zfx and nor do ihave any influence over the price at which they bid. so i cant pay up. however i did buy some at 75c last year and sold before they went down to 40c. If you donbt think they can go there again then you are crazy. the synergies for zfx are that they have infrastructure in Tassie already. which other miner would get this benefit and make it worth paying the top dollar they have already offered? when you say that ZFX need AGM....their cash is increasing in value everyday. Cash is king and has increased by 15% against the market since they sold Nyrstar. $2 bill in tha bank earns $140 mill risk free clear profit each year so tell me why they need AGM? i agree this is not what miners do but in these conditions cash is king. They could clean up many smaller zinc miners at rock bottom price currently. There has to be a win-win. If AGM gets $1.50 or $2 then ZFX has paid way over the market and will be punished for it. better to see the bid fail and zfx move on to a copper or gold near term producer. Remember when the directors go with it then the insto's will as well and that will be it. Melua...smart play once again and i respect your posting...your style is very relaxed in face of many emotional outbursts from those who think 100% premium, on what their stock would have been worth had they not launched the bid, is not enough. cheers andrewe
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
