Hey Folksdosent Some great speculation presented. I'm not sure how this will unfold but my guess is that any takeover will have to have an even greater premium than 40 to 60%. Newman, Cook and Co will decide what a worthwhile price for this company is and 50 cents is just chomp change to these guys. They wouldn't have bothered with this venture for that kind of profit and I believe that they are very happy with their progress so far. They have a board in place that is well capable of mining if they need to. They are not like most operators around perth that just want to get out before the hard work begins. They will do the distance if needed. I don't believe they are bothered about the current share price. It doesn't make any difference to them. They would only sell it now at 50c or so if they thought it was a dog and we know it is not. This price looks like a gift.
Cheers
AAG Price at posting:
27.0¢ Sentiment: None Disclosure: Held
