take out price at least 2 cad plus a) pp done around 1,9 (same time the share was @ 1,3 or so !!!!!)
b) there was already a take out offe which they rejected when it was below 2 cad
=> in case a honest take out bid will come in it must be above 2 cad, else it would be a waste of time.
reason:
- ZIJIN is probably looking for buying something themselves before hand it out...
- the hong kong oligarchs are looking for big money and not for peanuts.
if you wnat to take out the management, the oligarchs and zijin than you need to show a very very good take out price...