request from bgl to shareholders, page-6

If the offer is so "woeful, insulting, laughable", Why is it so much higher than the last traded price? and pretty much the highest for the past 2 years? Also, if the takeover doesn't go ahead, where do you expect to find nearly 400m to develop the site? IF, and thats a big IF, you COULD somehow find that amount of money, shareholders would be so far diluted that current holdings wouldn't look anything like they do now.

NGF have the expertise AND the cash to see this become a producing mine. If there is so much belief in the mine, why not sell BAB and buy NGF?