AJM 0.00% 7.0¢ altura mining limited

I would think that the offtake agreements in place would be a...

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    I would think that the offtake agreements in place would be a major stumbling block, even if they bought the company could they cancel the offtakes without significant penalty? Also Altura would likely be above their price range, $500m USD = $700 million Aussie? Even at what is a suppressed price point we currently have a MCap of $300m AUD and $220m AUD of debt, it would likely take an offer of north of $800m (including provisions for debt) to even get a look in and I can’t see sufficient enthusiasm at what would be 26 cents s share to get over the line.
 
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