I think its more the fact that with the potential world class...

Here are some quick numbers I ran for VWAP's for each company and the share proportion.



.07 is much closer to the ATH and 12 month High than the 2024 YTD.

Given the cash required and likely CR inbound the offer IMO is a premium. Maybe not as much as many would have liked, but the current sentiment is shocking and we may have gone a lot lower.

The Directors are going to make a killing off all the vesting options, but thats how it works this end of town.

I am in Europe at the moment so limited time. Has anyone seen what the break fee is. The offer is binding - No discussions with others, but that does not stop an offer coming from another party.

I like the rollover opportunity here. This will only come with an ASX entity.

I think its more the fact that with the potential world class project, we've effectively sold off a billion project at the lowest cents on the dollar. One would have thought that they would wait until a DFS is out that shows the improved economics that they would then say to a suitor, well no, $368 is well below what we're actually worth, about you improve your offer. But instead, they've jumped at the first offer and now left all other shareholders out in the cold.