Absolutely. This is an indicative bid only, tentative, subject to change further into negotiations, if and when things get serious.Indicative Bidding
In auctions of complex and valuable assets and in some procurement auctions, a two stage procedure is commonly used. In the first stage, bidders make non-binding "indicative bids" that are used to separate serious candidates. Then, after an information gathering stage, serious bids are made.Nov 2000Working Paper00-014
Ann: WES: Proposal to acquire Lynas Corporation, page-41
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