Did you read Robin Bromby's article in the Australian - Glencore takeover rumour doesn’t add up...extract....
"Let’s stop right there. Now, companies with interesting projects get approaches all the time about offtake agreements, mergers and takeovers.
But does it sound right that a canny crowd like Glencore would blurt out a price before talks even began?
And one price being double that of the lower possibility?
Why not just give Syrah a signed blank cheque and tell them to fill in the amount they want?"
http://www.theaustralian.com.au/bus...ur-doesnt-add-up/story-fnciihm9-1226987437411
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