Does facilitating due diligence really mean they are in favour? If they deny due diligence does it look like they have something to hide, or would it incur ire from shareholders who think it is their right to decide? [Real questions, not rhetorical]
What I hope the board is doing: Contact every potential suitor inviting competing bids.
General observation: Once a bid is made for a company, it seems that a takeover almost always results (unless the bidder backs out after due diligence). The companies that can get competing bidders do best.
Request to SMR board: At least get a bid over $2. Anything less is a bit of an insult. Or, pay a dirty great franked dividend - something close to 30c would be quite nice.
SMR Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
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