re: Ann: Recommended cash offer for takeover ... David25, how is the board saving their job given they are being taken over?
There is very little risk of the Chinese pulling their bid given the deal. Indeed, they have provide $4m so Tim can continue to progress operations.
The cash bid is +15% in a choppy market with possibly upside. There are risks around top 20 holders vote. But i presume they would already be in the loop.
For some perspective have a read of p40 of today's AFR
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