LCY 0.00% 0.9¢ legacy iron ore limited

nmdc to submit binding bid for australian co , page-19

  1. 3,225 Posts.
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    Erich and Callent,

    Say NMDC hypothetically offers 40mil for 50%.
    If our board then came out and said our independent valuation is say, 80mil for 50%


    why would a third party then come out and offer say 100mil for 50%, when they know our valuation is for 80mil ?


    Letting everyone know your independent valuation has an effect of "capping" the price.
 
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