Ann: SFR: Media Speculation - MOD Resources Limited, page-19

I have been pondering the timing of this.  Is it possible that Sandfire got wind of the upcoming CR and decided to throw the non-binding offer in opportunistically?  And added the $0.38 to try and scupper the agreed CR price?  Which suggests perhaps that they wanted MOD to remain short of cash and so make them more vulnerable?  Either way, some very welcome profile for MOD and hopefully a stop to the ever declining share price we had been enduring.