What a truly laughable response from Eramet. They think the...

What a truly laughable response from Eramet.

They think the Grant Samuel and TZMI forecast pricing is "significantly higher than broker consensus"? What an absolute crock of crap. They are conservative numbers because no one wants to put their head on the chopping block. Every other sand miner in Australia thinks pricing will stay strong for a very long time. Have Eramet not heard of the 3D Printing revolution that will need to use Titanium?


As for the forecast production numbers and pricing, Eramet are the operator, shouldn't they be telling their own shareholders that they may run into issues into the future and that pricing may not stay like this? It's their money they are using for the takeover.



But hey, it's just typical of a B grade operator, cherry pick the information and slag off the independent.



Here's my suggestion:
Eramaet come up into the $2 mark or drop the offer all together.

MDL
Go hunting for another offer, shareholders don't want to deal with time wasters.

Pep