tianshan and corvette to merge ., page-7

GA.I have copied my post from the COV thread as it also mentions CFE
JID. Thanks for your comments.
Even though there are connections between CFE and TGF and COV There is the risk that the merger will fail and should fail in my opinion,as the terms are not the best for COV.
If another bidder appeared then I cannot see that CFE would refuse the bid as it has its Life to lead running effectively a conglomerate,which are not liked in the best of times in my opinion as presumably the market values the company on a low basis "on an in accordance with its last deal basis " in effect. There is no Recurring earnings basis in effect and who knows when and if they will always be able to make good deals.
Basically what is happening is that COV is giving away 50 % of its asset for a short term injection of say $30 million if that.So what is the COV asset worth?
That is the real question.Do not expect anyone to tell us , we are referred to as Mushroom kept in the dark and feed horse////.
A lot of movers have been through Lady Annie including Noranda, and they did not crack it, so now CFE has decided to sell it out and move on,this also tells me that Tony Sage is a clever man.To pay north of $0.20 for a COV share with the TGF share price hanging over it is risky in my opinion.