Would you mind explaining further why the 45% premium overmarket was low ball? Please note that in Lynas rejection all theysaid is conditions were unacceptable nothing on price!!! Do youhave any recent examples of takeovers at greater than 45% markup.? So easy to say offer is low but give some examples. Book value,earnings, revenue, one year forward looking earnings. control of market, cash reserves. IP that can belicensed.
Before you talk about Mt Weld reserves rember that in the ground reserves areonly worth what you can sell them for, minus cost to take them out of theground process them. In 8 years of operation that is still a largenegative number. in 18months of profitable operation that has onlyachieved a TMM PE of over 50.
Opportunistic.......let the bidding war begin, page-14
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$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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