I posted this across at the TLM thread, what do you SFR shareholders think?
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Given the run the Sandfire share price has enjoyed up to $8 and the downward trajectory of TLMs share price, wouldn't you think they would want to take advantage of that by bidding for control of TLM?
If I was CEO at Sandfire I would put a bid on the table at 34c with a mix of cash and shares and a minimum acceptance condition of 51%.
Leave Harmanis holding a minority position and get on with business.
I can't see any downside for Sandfire, it's a no-brainer for me.
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