I assume we are talking a cash and not scrip bid you are forecasting ?
I think under 25c would be lowball considering where it was before delays and the fact Platinum asked for 100M warrants @ 20c etc
That being said, I think a few of us would part ways with our stock at 25-27c rather happily
If coal breaks out then anything above $120/t quickly gains on that valuation of CIMB, so they best not wait too long
Another rainy QLD season could make things very wild for coking coal price
CIMB - Research & new target 42c, page-103
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