Bungy, of course they blinked with $ signs in their eyes and MM took advantage of thet. You cant tell me that GR out of the blue exercised $30 Million worth of options while ATI was suspended and in negotiations with MIN over the Windumarra deal.Now the cash was there it was real, usually MIN expands it shareholding base to aquire companies like they did with POL, now it was time to lay down some real hard cash, well GR gave the $30M, the first pangs of greed appeared, MM saw this and saw this as an opportunity to take the whole project, he tipped in $20M, now we are at $50M, well the existing infrastructure, lets say $60M, we are way up there now, the dollar signs in their eyes the hunger pains of greed were to much for MIN to handle. ATI has come out of this deal very sweetly indeed.What was the book price of the plant allready in place? that will give a real idea of the worth of this deal to ATI.
ATI Price at posting:
$1.00 Sentiment: ST Buy Disclosure: Held
