My guess is the .90c takeover is on the table and Rufrano is using that to beat down the banks premiums.They won't jump at .90c. For one thing it is low ball and secondly it kills off the goose for the top management or probably all the management.
MYE Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices