serious comparison for agm holders to ponder, page-49

buddy its not false or misleading i think you misunderstood.
If zfx had made an offer of $1 and the shares were trading at 99c they are free to buy them at that price are they not?
so their offer of $1 puts a floor in the share price and of course the market can trade safely above $1.
Its a cash offer so its rock solid. if it was a scrip offer then currently the value would have dropped 50% from the original offer with zfx being about $14 on the day of the offer. in that case you would have seen AGM fall with the zfx share price.
The market is saying we expect another offer. That doesnt mean it will come. QAN is an example of that.
There is a price at which ZFX will say this is not worthwhile.
However we have plenty of time until production and zfx dosent need AGM until then....they dont want a lame duck with heaps of costs now.
For eg...who is spending money on the mine and plant etc now? answer AGM.
How much is itr costing them? answer millions i presume.
does zfx want AGM now while there is money to be spent or in 6 months when it starts producing?
Answer 6 months.
How much money will zfx earn in interst on the alloted $800 mill for the next 6 months? Answer $30 mill approx.
What is the total interst lost by shareholders waiting for a higher offer? answer $30 mill.
WHat is the opportunity cost lost by AGM holders waiting for a higher offer? answer not sure but probably a fair bit.

cheers andrewe