If cfe accepted the new bid it would mean 2.4c per share worth of cash to cfe shareholders.....
Not bad return - just wonder if CFE really wants to buy this outright or just pushing the price up..
You would think CFE is in a win/win.. 5% return to shareholders if cfe gives in or if they go after this - a non aussie super resource tax asset that would now be very atractive to o'seas investors for prob less than 50 million....
Not sure what result i prefer...
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- dmm - worth 2.4 per share if accepted
dmm - worth 2.4 per share if accepted
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