probably along the lines of "ou paid a multiple of effectively 500% BRM's price for BCI, so let's do a deal at 150% or $7.50 per share"
Still plenty on the table for Regent if they see value at $11.40/t (or $47.88 for BRM).
Better still, they will have a working relationship pretty soon with FMG which should be a plus for the negotiations?
Anyway, pure speculation, but I like your thoughts mining guru.
China Inc will be at work in the background. Too much at stake for a toy company and limo rental mob to get too far with this on their own. ....and regent is on the record as looking for further acquisitions in Oz.
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