3% creeping acquisition limit exceeded - takeover offer tomorrow morning?, page-32

My assumed SP is not cash backing, its total asset backing which includes the cash (as per last Half Yearly).

You can measure this one with a micrometer, but in the end it will be split with an axe if there is a t/o.

I suspect there will be no t/o as the chinese shareholders control the company anyway, so there is little to gain. On the other hand, they have an investment in a well placed resources company that could grow nicely with the right projects/decisions, so there is everything to lose.