There is an old saying in business that goes something like this:
"If you don't read the big print nothing can harm you, but if you don't read the small print nothing can save you."
This announcement, compared to - say - another gold strike out of Moora (which we all are hanging out for) is more like the "small print".
But the Big End of Town, the large players waiting in the wings, have already seen the big print - that's why they've started circling in the first place.
It will take convincing small print though... for them to commit and put an offer in.
And this was convincing small print.
(and great news out of Moora is just around the corner anyway.)
LTR Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held