Takeover by Syrah Resources

What are people's thoughts on Syrah Resources making a takeover offer for Kibaran Resources once financing for the mine is secured?

I don't think that Syrah would purchase Kibaran for its graphite resource because Syrah definitely doesn't need additional graphite. I do think that Syrah could takeover Kibaran for it's commercial relationships with:

1) Thyssenkrupp (20,000 tonnes offtake);
2) SGL Carbon (10,000 tonnes offtake);
3) Sojitz Corporation (up to 10,000 tonnes potential offtake).

I think this would be smart from Syrah's perspective because it would give them a larger market share of the graphite market and greater exposure to German and Japanese demand - which is forecast to grow significantly. Plus, the larger that Syrah's market share becomes, the more it can dictate pricing with supply adjustments.

Syrah has no debt since its mine is funded by equity so it could raise debt to purchase Kibaran. Or, it could complete a scrip bid paying with shares. $75 million for Kibaran (assuming a much higher share price after financing is concluded) would be less than 10% of Syrah's current market capitalization.

I think it makes logical sense for Syrah to launch a bid for Kibaran once financing is approved.

What are people's thoughts?