Best thing about this bid has been the extra press we are getting. See Age article here: http://business.theage.com.au/business/royalco-rejects-16-million-takeover-bid-from-anglo-pacific-20090513-b3bd.html
Very positive article which states majority of brokers believe true value is north of 50c! Can't say i disagree.
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takeover at 30c!!, page-6
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