Let's look at what we know.SD now owns 180 million shares or 63%...

Let's look at what we know.
SD now owns 180 million shares or 63% of FML at an investment cost of $248 million, which equates to $1.38 per share. This down from the initial share purchase at $2.50.
What we don't know is which way they will jump?
At this point I can't see them accepting any take over offer below their bale out share price of $1.38.
If they were to buy more for example another 90m @ 0.25 cents, they would own 72% of FML, but each share would still owe them a $1.00.
I think at this time SH between a rock and a hard place, I just hope they take the mining option and get on with it.