I tend to agree with that prediction - as other posters pointed out earlier - the lowball offer by NST could be seen as a step 1 in a long process of price discovery for full control over the assets of the EKJV.
The lowball bid is purely a response to the Takeovers Panel decision and percieved weakness in the bargaining position of TBR and RND.
Its possible (and its just speculation at the moment), that after TBR and RND reject this lowball offer that TBR and RND could attempt a counter-offer for NSTs 51% share of the EKJV which would be just as ridiculous and laughable as the original offer from NST (and that is the point).
Or another possibility is that NST could leverage off the percieved weakness in RND and TBR and launch a hostile takeover of TBR and RND using the rejection of their offer and the poor performing Ghana and latest Phillippines frolic as ammunition in a story depicting the value destruction of TBR and RND management lately.
Or they could enter more reasonable negotiations to get to an acceptable price for TBR and RNDs share of the EKJV which offeres the benefit of all parties saving face.
TBR Price at posting:
$4.00 Sentiment: Hold Disclosure: Held
