I will go for the deal ifANX can offer 18 cents +.
1, MAE has delivered a horrible PFS which made the shareprice crash. Everyone familiar with this project knows that the project could be built at half of the Capex the PFS indicated;
2, MAE management team wasted a lot of money in the past. Their burning rate is not acceptable for a junior like its size. Serious shareholders should go over its MD&A.
3, ANX definitely gets the capital market support. its share performance tells everything. while most of juniors perform poorly ANX is the few stay strong.
4, ANX's strategy seems to work since last year it acquired Orex and did create the value for shareholders for both of the companies. Similar story could happen again here.
5, ANX team are operators and they have been operating the sharpy mine and survived in the down turn. People are thinking to give them an opportunity to operate a much better mine to see whether they can make something bigger.
6, ANX is cheap and made a low ball offer. hostile acquisition will only benefit lawyers and it will cost a lot of money of us shareholders. Go back to the table and negotiate is the best way to get the deal done!
7, 14 cents in share swap doesn't make any sense. To entertain most of the shareholders, 16 cents + to start the talk and 18 cents to close the deal. To pay 4 cents more in shares is much better than to pay half penny in cash for legal fees.
8, looks like a done deal to me. just the price.