Candente has valueI have been a Candente shareholder since 2006 and will certainly turn down an unfair offer.
Let's not forget: We are at the beginning of a copper super cycle with expected copper prices peaking in the $15,000 to $20,000 per tonne of copper.
Also, let's not forget that Candente is in the top 10 largest junior copper deposits in the world and if fully explored then most likely in the top 5 in the world. In addition, Candente is one of the 20 junior deposits with the lowest mining prices in the world.
From my point of view, shareholders are fundamentally interested in a fair takeover bid, because they don't want to be ripped off.
The only exception is the strategic investment by Fortescue, which as a mining company owns almost 20% of Candente.
Fortescue may have other ideas, but they're up against 80% of investors who can count.