RTG
Why do you think an offer is coming ?
You have a current funder providing a $100 million facility who is also a major shareholder who if my memory is correct has an entry price of around $4 to $5 a share.
Why would they or the other big palyers looking for supply from non big three sell out cheap.
More likely senario is the funder will either:
- enter a JV with MMX to develop mine
- take control of asset through default
I dont think they will sit back and take a low ball offer a blow up investment
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