I think in times like these the devil is in the detail, my view is that the offer is good, what LGL is waiting for is a major to come and trump the offer, which is hard to do under the restrictive terms offered by NewCrest, which would mean no due dilligence, no support from the board etc that mean any counter offer to NewCrest would be an uninformed offer, therefore less likely, take the offer on the monetry side and take away the restrictions and I think you would find that LGL would be happy, that puts it in play, a good solid price with upside as a potential, the current deal takes away the upside potential.
LGL Price at posting:
$4.04 Sentiment: Sell Disclosure: Not Held
