I am sorry, however I do not view it as semantics. One scenario values XAM at circa 4cps, ex-Red Mountain, the other, circa 7cps. That is a massive valuation variance. In terms of my own decisions, one scenario I hold tight hoping for a competing bid (and then skys the limit...) the other I buy many more shares as I see a future re-rate once the market realises XAM is valued soley on it's cash balance.
XAM Price at posting:
3.7¢ Sentiment: None Disclosure: Held
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