These comments and the language used in the Reuters article are very interesting indeed.
Think the Chinese are nervous that others may have been in DML's dataroom lately with the view of taking up a big stake in the placement.
MELBOURNE, April 26 (Reuters) - ....received no new bid from former suitor Cathay Fortune, adding the Chinese firm's DISPARAGING comments this week were part of an effort to snap up its Botswana copper project cheaply.
Following a public holiday on Thursday, Sampson said Discovery would come up with a response to Cathay Fortune's comments "in due course".
"We've seen Cathay Fortune repeatedly attack us, but they still have a very strong desire to take control of the company," he told Reuters.
"You'd presume it's because they see enormous upside in the project," he said. "They've endeavoured to acquire the project at the cheapest possible price."
Add to My Watchlist
What is My Watchlist?