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Takeover target Allegiance Mining NL is encouraging third parties to make a bid for the company.
After issuing its target's statement rejecting Zinifex Ltd's unsolicited bid of up to $744.93 million, Allegiance said in an accompanying presentation that it had received several approaches from domestic and international parties expressing interest in holding talks.
In a media teleconference on Thursday, chairman Tony Howland-Rose would not confirm the identity of the potential suitors but said the interest was particularly from overseas.
Mr Howland-Rose indicated that discussions with the parties were either at a very early stage or had not yet commenced.
"In producing this target's statement, we've had our concentration on that and evaluation of the offer," Mr Howland-Rose said.
"We are and will review any offer we receive on its merit ... and will encourage those offers to be made."
He could not say whether Allegiance's largest shareholder, China's Jinchuan Group Ltd, would lift its stake from 10.4 per cent to help Allegiance fend off unattractive takeover bids, or even make a bid for the nickel miner itself.
"Our relationship with Jinchuan is a long term one," he said.
"I would never second-guess them."
He said it was too early to open Allegiance's data room to scrutiny and rejected suggestions it could commission an independent expert to verify the quality of the company's landholdings.
In knocking back Zinifex's bid, Mr Howland-Rose emphasised the exploration potential of thee landholdings surrounding Allegiance's flagship Avebury nickel mine, where production is scheduled to begin this quarter.
"I can't talk about the promise enough ... The future lies with what we will find," he said.
"The area we hold is very prospective.
"It would not surprise me in my 46 years of working in Tasmania ... if we were to discover a big lead deposit or tin deposit in the areas that we hold."
He said the Godkin prospect east of the company's Melba prospect - which was acquired ironically from Zinifex in August last year - was one of the target's top untested targets.
He also singled out the geothermal potential of Allegiance's land.
In a statement, Allegiance said shareholders holding a total of 21.5 per cent of the company agreed that Zinifex's takeover offer was inadequate or that they intended to reject the bid.
"Our shares have traded above the (90 cent) bid price since the beginning of that offer," Mr Howland-Rose told journalists.
Zinifex's offer expires on February 8.
Allegiance shares were steady on $1.055 at 1240 AEDT Thursday, valuing the company at $817.55 million.
Zinifex was up 14 cents to $10.16.
After issuing its target's statement rejecting Zinifex Ltd's unsolicited bid of up to $744.93 million, Allegiance said in an accompanying presentation that it had received several approaches from domestic and international parties expressing interest in holding talks.
In a media teleconference on Thursday, chairman Tony Howland-Rose would not confirm the identity of the potential suitors but said the interest was particularly from overseas.
Mr Howland-Rose indicated that discussions with the parties were either at a very early stage or had not yet commenced.
"In producing this target's statement, we've had our concentration on that and evaluation of the offer," Mr Howland-Rose said.
"We are and will review any offer we receive on its merit ... and will encourage those offers to be made."
He could not say whether Allegiance's largest shareholder, China's Jinchuan Group Ltd, would lift its stake from 10.4 per cent to help Allegiance fend off unattractive takeover bids, or even make a bid for the nickel miner itself.
"Our relationship with Jinchuan is a long term one," he said.
"I would never second-guess them."
He said it was too early to open Allegiance's data room to scrutiny and rejected suggestions it could commission an independent expert to verify the quality of the company's landholdings.
In knocking back Zinifex's bid, Mr Howland-Rose emphasised the exploration potential of thee landholdings surrounding Allegiance's flagship Avebury nickel mine, where production is scheduled to begin this quarter.
"I can't talk about the promise enough ... The future lies with what we will find," he said.
"The area we hold is very prospective.
"It would not surprise me in my 46 years of working in Tasmania ... if we were to discover a big lead deposit or tin deposit in the areas that we hold."
He said the Godkin prospect east of the company's Melba prospect - which was acquired ironically from Zinifex in August last year - was one of the target's top untested targets.
He also singled out the geothermal potential of Allegiance's land.
In a statement, Allegiance said shareholders holding a total of 21.5 per cent of the company agreed that Zinifex's takeover offer was inadequate or that they intended to reject the bid.
"Our shares have traded above the (90 cent) bid price since the beginning of that offer," Mr Howland-Rose told journalists.
Zinifex's offer expires on February 8.
Allegiance shares were steady on $1.055 at 1240 AEDT Thursday, valuing the company at $817.55 million.
Zinifex was up 14 cents to $10.16.
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