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Chris,
You may be right. Maybe it will take $1.50 to get Jinchuan and the Directors? I just happen to think $1.20 will get Jinchuan and an offer of a job to THR to continue as he is will get the Board as well. I think Jinchuan would be happy with $1.20 and continued supply agreements as they have now. Time will tell. All I know is I keep buying stock. Tomorrow I have an IBD maturing and I bought another 300K today at $1.06. It is a very safe investment whilst the rest of the market is suffering. I wil be buying again tomorrow. There is ZERO downside form $1.06. ZFX are not walking away. I agree.
ZFX showed as much incompetence as AGM in pitching this bid just before the DOW took a crunch. Every man and his dog saw it (the DOW correction) coming and if they had waited one month longer, they would have cleaned AGM up for $1.00 from an opening bid of 80c.