Theres no reason for the SP to move from this current range since the 50c offer stands, no news will result in no change i think, the herd got spooked last week.
but lets be realistic, Hanlong have this company by the long and curlies and they will not let go now. having spent 1 year demoralising the herd to a point where 60c WILL be considered acceptable by the majority, their plans have worked a treat, we will get taken over IMO. Sorry guys
Put yourselves in GJ position ,what has he got to bargain with? He cant refuse the TO coz then the Camaroon gov will take our licence away for sitting on their resource when they want someone to develop it NOW, and he cant possibly raise that much cash. only hope for us shareholders is a non compulsory share aquisition or a counter offer from western company or India
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