Some of us have already discussed this (back along some way) and I put in my 2 cents worth in at that time. Can I politely suggest you go back a bit and review those posts - it has some accompanying discussion as well.
One thing though - I can't see any t/o offer being between .25c to .30c....
I just can't see Tremont (or any other t/o merchant) being so arrogant to its fellow shareholders (especially to the likes of Craig, Ian, the Edwards Family and Brett etc). They are easily capable of blocking any takeover bid - and Tremont would not be that silly.
Both Tremont and the Board (in their own respects) would be well aware that any bid needs to be construed and evaluated as "fair & reasonable" by all concerned players (which includes the ASIC).
I also can't see any t/o bid until the offtakes and finance have been announced. Everything considered, that would ring too many alarm bells....and besides, the stench would be unbearable!
