I don't think we will see 80c (this would be my ideal T/O price) without the additional drilling or clear timelines of production. With the resource in place and where Anchor are current, I would like to see the target price of 56c. I don't want to see another low ball offer by the Chinese, but I think if they up it they will be looking at 35c-42c still to cheap.
takeover buys sells trading., page-15
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