RE: Takeover22 Nov 2024 11:29
Cj, I am not so sure, afaik no company has to negotiate/approach a target company prior to firstly taking a stake and then making a formal bid. Why try and negotiate with a management group who clearly are unable to develop the allegedly fantastic assets they possess, and also appear less than competent? UFO is skint, and entirely dependent on another mining company stumping up cash to develop the iron ore asset. Don`t negotiate with fools, take them over and put them out of their misery.