AJM has been served up to MIN on a platter. A mutually beneficial 3:1 merge could've been financed with PLS years ago but no one wants that now. PLS already has a large Spod resource and the last thing it needs is to take on an additional $A300m+ in debt.
Lol...
AJM has a few things that PLS does not have: a product consistently in demand, partners that did not sit around waiting for the spod pricing to correct itself ... and a moat - established by the bod by increasing their holdings with personal stakes.
You're right to think that something's been trying to get their hands on AJM, since the bod's actions clearly indicate the defensive measures they took.
If someone was so desperate to get their hands on
a large spod resource, there is one place they can look that has no defense established by its management whatsoever. And yet, no indications of such moves in place. I wonder why?
I suppose it would be like buying a car that's a lemon. After all, who would want a plant riddled with problems?
Anyhow, keep your faux sympathies to yourself. Your constant cross-promo of next door sounds like a 'Ali Ali' hawker in a bazaar.
