The picture is very clear This is the best news the company had came up with in a very long time. It is very clear to me that the game had worked very well in favour of the "buying" company. In my opinion, they already had the funds to get the finanacials, the plant is already on care and maintainence for a while now, and they had received multiple offers already since weeks ago.
So what is the story here? dont you think trading more than 35 million shares in the last 7 trading sessions is huge? who is buying?!!! it looks to me that the suitor might be one of the buyers, remember the 500k shares lot? and all the shares scooped up before and after that?
Now you can sit and relax and enjoy the bidding war, I think 20 cents is very possible in the next few days, 10cents is the open price, this is huge guys, having offers on the table eventhough they are not binding can reflect the integrity of the plant and the confidence in the project. my guess is, itafos will be sold at $400 million and the company will keep santana and divest the Rare earth project. you do the math :)
By the way, dont pull the craep about care and maintainence, like obviously its a fact lol