Thank for all the replies buddyOk then a stab a a resolution.I...

Thank for all the replies buddy

Ok then a stab a a resolution.

I believe the opening offer was just that an "OPENING" offer
( valued soley on the current market situation and the CURRENT state of the company)
The hardest part of the equation is valuing unknowns
Will ZFX take the plunge and increase the offer without more conformation from the upcoming drilling program?
Who knows?
But I believe(personal) that a takeover of this comany with the cash and the capabilities of increasing production/exploration without debt in the current climate
should be seriously considered!
anyhow good luck to holders of AGM
ps UNETHICAL? I wonder if MM felt the same when BHP took WMC