Wow... 12k an acre....
Thats ridiculous...AZZ have 32,500 acres with nearly 300 million shares....
RFE have 140,000 acres... and about 140 million in shares...
Am I missing something here????
Anyone care to take a punt on what RFE's land is worth???
If RFE was offered $12,000 an acre we would be worth $12 a share...
Our current share price (58 cents) values our land at about $580 an acre...
IMO any offer over $2,000 an acre would be outstanding news!!! Not inconcievable IMO...
another takeover offer, page-4
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