NOT gave their first bid knowing Mac's response. Perfect! Mac will bitch and scream but he opened the door for talks about severing the Chromite for cash and leaving the rest of the assets for FWR and the share holders alone. Perfect! Fair enough. This is where the negotiations start.
NOT really doesn't want the rest......(guessing)
Relax everyone. NOT (I hope) will get the land they want and FWR will keep their other assets plus NOT shares.
I hope this is really a "know" brainer and we get as always seats on the sideline to watch a great consolidation of this area.
I think the next few months will be spectacular.
Kind regards,
Corndog