News: AGO Mineral Resources Notes Redstone's Proposal To Acquire Atlas Iron, page-2

1 for 402 = 4.2c at the current price of $16.90 for MIN.

I just don't see them coming back with Twiggy and Gina owning 40% and highly unlikely to sell to MIN.

Best they can hope for is to put in a bid around 1 for 300 and see if Twiggy/Gina bite. (5c value). I don't think they will bite, so the only way back into the conversation is put your cash "on the table" with an unconditional cash offer at 4.5c or more.

MIN should not have 1/. offended AGO shareholders with a ridiculous low ball bid in the first place or 2/. made it a long winded scheme of arrangement - in my opinion.