A couple of thoughts Post Tanz Govt/Barrick delays;
Shenghe intended from the start to buy out the Ngualla deposit
Shenghe binds Peak to an offtake to block any other interested parties
Shenghe deliberately drags out every step of the process in order to drive down the shareprice
Trump ruffles the Chinese feathers and MP Materials pulls out of Shenghe supply arrangement
Shenghe abruptly caught short, cant hold off any longer and is forced to fast track the purchase transaction
Shenghe is now on the back foot in need of supply security
Peak management should be recommending a NO vote and working very hard on a superior offer
Peak shareholders should vote NO and force management to go into bat for them, a superior offer is quite likely to come from Shenghe if not Lynas, MP, Gina etc.
It would be negligent in my opinion not to push the limits in search of fair value at this stage.
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(20min delay)