zfx made a big mistake, page-5

i personally will be disappointed paying $1.25
AGM have shown nothing to us that indicates that is fair value. They must use industry wide accepted methods not skewed methods. Any suitor is going to look at the facts...not the bluesky aspect. How foolish could a rival bidder look if they pay $1.25 and then the USA goes into a prolonged recession??
As seals said ZFX have a history of being open and upfront hence they talked with AGM management before placing the bid. they obviously never got the impression from AGM that the offer would not be welcome.
AGM seem to be wanting peak of nickel boom prices which are not realistic in the current market and possibly the next 12 months.
After all its not a coal company or Iron Ore....its nickel.

cheers