If FFX were entertaining a full sale, then they would need to be negotiating a price well in excess of the asset backing value.
There would need to be a significant premium for the 17% parcel of LLL.... No Co. trying to obtain that size holding in a company with the short term prospects of LLL would be able to achieve that buying on market without driving up the price significantly...
will LLL share holding be worth 20c a share soon?, page-6
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