lets see Schlomo.... AGM was offered a 40% premium on their 6 month weighted average price.
I dont have my numbers in front of me but:
ZFX half year weighted avg must be around $16 (i just picked a mid point between the high and low)
40% on top of $16 is $22.40.
yeh, id take that 'reasonable offer'!
zfx might be $9.50 now, but lets not pretend AGM would be more than 50c if it were not for the ZFX offer.
ZFX
zinifex limited
who is the next one if no to agm, page-16
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