TIE 0.00% 67.5¢ tietto minerals limited

Ann: Receipt of Non-Binding Indicative Proposal, page-55

  1. R21
    1,410 Posts.
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    Difficult to see where a competing bid comes from.

    Russians surely out, so no re-run of CDV.
    Difficult to fathom Zhaojin making a bid without the blessing of Chijin. Generally, the Chinese don't bid up against each other.
    PRU/WAF? The latter can only offer scrip, PRU perhaps mix of both but unlikely all cash.
    Barrick, Newmont, Goldfields only go for Tier 1 deposits.
    Kinross/IAMGOLD would be completely from left field.

    Not sure who's left, IMO I think the most likely outcome is a rejection and successful 2nd bid in the high 60s.
    Last edited by R21: 30/10/23
 
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