- http://www.asx.com.au/asxpdf/20120831/pdf/428dzpffgc2rn4.pdf
Considering the statements from Ivanhoe that they approached Exco (PRIOR to approaching SOL) and put their position to the Company ...- WHY would Exco put itself in this potentially perilous position???
... when it could have:-
a) Purchased the shares & had open discussions regarding the sale; and/or
b) Done a handshake deal to match/or better any other offers on the table from 3rd parties
????????????????????????????????
Exco already knew well in advance what was going to happen.
I certainly don't think this is being done to raise the profile of the Company ... and yet in this instance the highest bidder was successful (to date) ie; SOL.
Something doesn't add up here imo!!!
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