Macquarie are pricing this for a cheap take-over at 61 cents.
Having sold out to unknown interests Macquarie are now the enemies to shareholders who want to retain long term value in a mine IMO.
Their share price target is trying to build expectations in shareholders minds and is wrong IMO. They are trying to prime the market up to accept a low take-over offer when it comes IMO.
We have a good retail holder base here at 35% and if we could all work together to fend off a take-over we could do very well out of this company in the years to come. Esh
Ann: Diggers and Dealers Presentation 2018, page-5
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