Good analysis! I have thought the exact same thing, locks them up at their "final price" and bet on either; another bidder (hopefully an Australian company and allows for a bidding war) or by the time it has DD done and all the regulatory approval the underlying value is much higher. A risky play though.
What I would love to see is just a glimmer of a hint at what they intend to do, surely they could subtly allude to their intentions! I am surprised it was unanimous to be honest, even if it wasn't would that not allow us more insight - or it makes TG look weak and is bad for overall BOD reputation?
I like many will vote no if $3 is indeed the final offer.
Time will tell, GLTAH
LTR Price at posting:
$2.77 Sentiment: Buy Disclosure: Held
(20min delay)