I doubt whether Might River would be paying more than 10 cents per share for many or their recent share purchases unless they thought they would ultimately be worth more.
Nor do I think MIN would have announced a potential takeover at more than 10 cents/ share unless they saw them being cheap at the price.
Might take a while to sort out, but 'Im expecting higher prices down the track.
But this is only my opinion, and I could be wrong.
So for YOUR shares................ "It's YOUR call"
Caveat emptor
Bendigo
MAS Price at posting:
9.9¢ Sentiment: Hold Disclosure: Held