is this fair dinkum?, page-25

Plough, have you lost your marbles? There was a Gold Project Update late last week that provided an enormous amount of production information, if not every micro detail. The most significant of which that March was bumper production at even higher grades, and the prediction next few months going to be even better. It was astonishing this Update did not send CGT shares to 15-20c. Somehow, heavy selling into this very good news held shares below 12c. Then the t/o Ann. Hmmm. Strange goings on... but I don't see control of this company changing hands for less than about 25c ps and even then it will be a steal.

Lion up almost 5% Friday afternoon on SGX but bid still only valued at 16.5c now - it will fall short and Lion will have to bid again with a serious offer maybe some cash. Lion can't just walk away losing face now as failed bidders. The longer it takes the more time for CGT to turn out results in meantime.