I guess HC posters who are against the MERGER know more about what's good for the company than the directors or the major shareholders like....
"Today, Iberian's biggest shareholder, the US-based fund manager Geologic Resource Partners which has a 10.125 per cent stake, said it would accept the scrip offer..."
from http://theaustralian.news.com.au/story/0,20876,21591106-15023,00.html
I keep reading "we want more, we want more" Not really a company focussed idea or one that sounds like it's actually about the wellbeing of the future of IBR (and it's ongoing shareprice).
And it's one thing arguing about value of IBR when price is what we negotiate with.
I am very confident that the merger will establish a genuine re rating of TMR's price which will benefit anyone going ahead with the offer. And it's all possible because TMR is EARNING. You can't neglect that fact.
IBR
iberian resources limited
