Whats the point in bringing up that they turned down 80 cps in 2012......not very relevant 5 years later and now having a desperate balance sheet.
I think you are trying to look at this with rose tinted glasses on.
Call it what you like the simple reality is QIN have to do a deal to survive.....this is not a strong position to negotiate from.....is it.....in fact it is the worse position to negotiate from.
I'm not sure at what level a deal will be done.....the good thing is you have 2 large shareholders that will not want this to completely fall over so will be keen to put some sort of deal together....the bad news is they are going to screw all the other SHers for sure.
Given the negotiating position the company is in your 70-80cps outcome is very very optimistic.
QIN Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held
