I believe Chinese Investors are not here to 'help' the board make it to producer level, The Chinese will do that on their own, They have 262 million shares which allows them to make a bid from here or to block any other potential bidder.
It seems like a clear play by the Chinese, and I think they will make an offer upon drill results are made, which will be incredibly under valued for the potential. I don't think offering 1m was a means to make short term profit, I think it was more a serious power play for future weaponry.
That is a lot of 'thinks' I know, but hey, just a thought really. I just really think we are onto something here and would hate to be bought out when we are holding aces.
ICG Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
