"Is it just a matter of testosterone, are they letting emotions get in the way of business? There's some pretty big egos there," he said. Mr Bogolyubov was Wednesday night scathing of the tactics employed by Pallinghurst in the fight for ConsMin. "Palmary, as ConsMin's largest shareholder, believes that the Pallinghurst offer structure is uncompetitive, unfair and gives an uncertain value proposition to ConsMin shareholders," Mr Bogolyubov said. "It attempts to discourage rival bids for ConsMin shares. "Palmary wants to participate in a genuine auction process is offering ConsMin shareholders the opportunity to sell to the highest bidder."