My understanding is that, as they are very close to finalising...

My understanding is that, as they are very close to finalising the offtake agreement, they do not wish to be disrupted by the potential takeover. As many of us noted earlier, if one or more major stakeholders were willing to walk away with US$150m, it would likely halt progress on finalising the deal and force renegotiation which could cause significant disruption. Given that JP and his team are focused on bringing the project to production, and are now only one step away from doing so, they are determined to avoid such a scenario. This might explains their reluctance to disclose the offer publicly.