My belief is that a low ball offer of 90 cents per share equivalent has been tabled and is being negotiated upwards - hence the additional time and the delayed ASX announcement. There are a lot of deep pocketed multinationals at the negotiating table so things may very well spiral out of control.
Retaining a material percentage in this World Class resource is key. My prediction is a market capitalisation of 700 million by the end of January. The Japanese need it, the Chinese need it, the Indians need it and do not eliminate Trump coming to the table to blow the others out of the ball park.
Great news, exceptional company.
BGS Price at posting:
33.0¢ Sentiment: Sell Disclosure: Not Held