crises times, page-35

$3 cash bid right now would get the company imo. THX is dealing with plunging nickel prices and would dearly love $60m in the bank.

Many of the long term holders here would give it serious though too I would think. Talk of minimum $5-$6 for railway alone was in a different environment. Valuations for iron ore companies have dropped since.

It's all a moot point though as I doubt anyone would offer $3 right now. They'd probably have a go at $1.50 if they wanted to bid, which is sstill a 270% premium to the current price.