Anything is possible, because the terms state 'in the event of a superior offer'. Any company could trump Hanlong's offer before the final signing of the agreement. If TCM trumps them then its on again. I'll go out on a limb and say something silly here... I think IVA might have a sniff. This company is owned by an American billionaire and MOL would be perfect for their Australian operations. Merlin is smaller but very high grade and Spinifex is lower grade but massive and going into production v.soon. It would be a match made in heaven. (and they definately have the money too!). Only dreaming but I'd be doing that, if I were them.
E.
MOL Price at posting:
89.0¢ Sentiment: ST Buy Disclosure: Held
