you havent demonstrated any real joint efficiencies
from an SD point of view.. there is no incentive in the offer.. as i said .. it would need to be at least double.. if not a considerable bit more to get them to (still) sell at a major loss.
as aretail investor my point of view means crap all.. you only need to win over SD
Ann: Theta Gold Takeover Bid for Focus Minerals Limited, page-8
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