Acorn capital made the same threat years ago when they attempted a takeover. I say again they have only 20 % of the shares
The offer is derisory. The debt is not owed to them. It has to get ugly because it is an unsolicited takeover offer. If they dump their shares I believe there are plenty of buyers interested. If the company was struggling, then a possible share dump would be problematic. But Resource capital and Acorn have sold out, and the share price has still gone up. FND is a highly profitable business. They don't want to takeover because it is no good. It's obvious now how much money FND will make. Huge cash generator with ever increasing resource mine life.
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