I was thinking this public low ball offer was more for INMET shareholders benefit than anything. They already know that PTQ wants more for the two concessions than they were willing to pay. If their budget is already tight (still need a little more financing which they are finding hard to get), they can't afford to go out and throw money at PTQ. They need a public reason to raise the budget or to ask their shareholders to raise the budget if it comes to that.
I also believe there is something else they are after. They have requested all info and documents from PTQ that have not been filed. That's a strange request in itself to be part of the deal. My gut tells me there is something there important to them.
The most important thing is that shareholder value is being unlocked and it is happening in the near future, not years down the road.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
