Non-Binding 'proposal' would seem to put a floor under us, unless of course the Chinese do a 'Chinese' and reduce their offer further come bid time..
Then there are the other parties.. will they be counter offering at such lowball prices?
I want to believe that CF are willing to go considerably higher than 35-40c and have just 'proposed' this price range just to set the bidding game rolling from a low mark.
Here's praying that someone else is genuinely intersted!
As for the directors heads that rolled.. hmmf..
DML Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held