mongrel,
the exploration potential is not part of the deal.
bhp want umc to shed all other tenements other than railway.
i agree with ur $1.67 valuation, plus a 10% premium, gives you $1.85
that is at least fairer value than $1.30!!
as for the directors, these guys are monkeys dressed as clowns who've taken over the circus and let the lion out of the cage to run amok in the audience!!
morons!!
shareholders - rejecting the offer list, page-81
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