$1.08 offer + board acceptance , page-20

After reading the ann again and pondering it, Im not sure I agreed with some of the negativity being touted here.
We all know the tilt is for the IO asset (Roper river), at $1.09c this seems like a fair offer.

Reasoning:
- WDR is barely out of scoping, not all approvals in yet
- Little to no infrastructure in place
- No off take agreement
- Have a mine that hasn't produce 1 ton of product
- Is still effectively a exploration company other well established producers AGO , FMG trading have been trading not much higher than the offer price over recent months, with MGX trading well below the offer price
- The IO price volatility in general , no one can give any clear indication where it will be 1,3,6,12 months from now
- Go back over recent takeover activity 50% premium to the SP represents a good offer in what we all know is a not so hot market environment atm
- Your board is asking you to accept, contrary to popular believe boards to actually get decisions right
I'm not a holder , but if I was I would be voting yes, the flip side doesn't represent a better picture than you currently have in front, to many hurdles to jump!
Good Luck