When do take-overs happen? When others see potenital to make profit from acquisition. Business case will look at potential (400,000oz and JORC) versus the risk and cost of getting to the end game.
So far, no one interested, so we have to ask why?
I hope NTL can do it under their own steam (with or without Hill), but a take-over may be a shorter term way for shareholders to recoup their investment.
Interesting times for sure, AGM will be interesting.