If also shows that Hawke’s Point are willing to back their own...

If also shows that Hawke’s Point are willing to back their own judgement and have some fire power to do so.

Hopefully in CMM’s case they manage to use their power to negotiate a better deal and align themselves with management. After all management are the one’s that will be losing their jobs if the takeover is successful. I doubt management would be tossing that gig in unless the deal makes sense to them.

Does anyone have any idea how much management paid for their shares? This might be the sticking point if management got in a lot lower than Hawke’s Point. From Hawke’s Point perspective they might think management haven’t worked hard enough to promote their interests, in which case I can’t see a good working relationship happening between the largest shareholder and managment post a failed deal.

Interesting week coming up. Hopefully there is a good pay day for shareholders based on a better offer and a unanimously accepted deal being put on the table. It would sure make things simpler going forward. The failed deal starts looking messy from a number of perspectives, although no one can take the value of the project away.

I suspect a failed deal will be like the swimmer in the water where the tiger shark comes to give them a little nudge, to see what they are, before swimming away to decide if it’s hungry enough to be interest in eating a human. Esh