Ann: Release of Target's Statement in respect of Eramet's Offer, page-3

Right on the money..

The top number is pushing Eramet pretty hard.

When you consider the project cost and lack of return to date its a small return to those who kicked in $6 based on the DFS.

Will ERAMET be convinced by the majors to increase the bid to get to 51% ?

MY guess is the fund managers will be able to justify accepting anything in the valuation range.

Will the next announcement be X,Y and Z have agreed to accept a revised bid of $2.05 and ERAMET now holds 50+ % and the revised offer is unconditional ?????

and those who don't accept will never get a dividend all they will ever have is some French partners.

Will make me happy if it happens quickly because I've already found a home for the windfall.