Ann: ZIJIN AND EVOLUTION TAKEOVER OFFERS - TAKE NO ACTION, page-2

These factors will need to be carefully considered by the Phoenix Board before it can provide​

shareholders with a formal recommendation.
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HELLO< KNOCK KNOCK IS ANYONE AT HOME!!!!
Whats there to "carefully consider"?? Both are terrible offers and are very insulting considering our 1.1m oz RESERVES are valued at AUD$1.7 BILLION.
I don't know what the board are thinking, im guessing its just "procedure" right? blind freddy can see that 12c offer is a joke, why cant pxg just come out and say it?

Im guessing they want to give Z and Evo time to re consider there insulting offers and maybe spark a bidding war? hopefully our board are just "playing dumb" by taking days to fully consider if the offers are good or bad.
You dont need a PHD from Harvard business school to figure out its a bad deal for us.