This initial offer will be rejected unless increasedPrice before this morning's offer: $c3.25
Recent high price: $3.75
Price of offer: $4.00
So - Anglo wants Corvus to do their work for them. All that drilling, exploration, for NO real premium at all.
Investors in Corvus Gold are not fools who buy overpriced tech stocks. This nothing offer will be rejected out of hand.
It's a bargaining world, but negotiations that begin with an insult are getting off on the wrong foot. Anglo has left itself lots of room to increase its offer, but the S. African based company is just choosing the hard road by starting with an offer that is abusive of Corvus and its shareholders.