gryphon's ironies

I read somewhere that GRY's newest purchase in PIR might be considered a takeover defence (I can find the reference and snippet if anyone wants- I think it was in the AFR). The strongest takeover defence, though, is a righteous and strong share price. So, here's the ironies as I see them:

1.a takeover suitor usually gets sold off, unless the takeover target is so good as to have the market think the takeover promise would be value accretive and strengthen the suitor. It doesn't seem the market thinks that.

2.As PIR deflates (given that the only reason it seemed to inflate was the takeover possibility), and with problems in Mali, the tail is now wagging the dog, and GRY is deflating with PIR's share price fall.

Sure, POG is pretty low (stable inAUD, though), and GRY is also is west Africa, so tere may be some "conflict nearology" at play with GRY's share price, BUT if GRY wanted to be safe from takeover predators, the irony is that now it has become much more attractive as a target.