this is my interpertation of it. some one will buy up the options first and is also buying the shares on market. this would need to be done anyway to secure the 19.9%. if they do this then they can secure at a better price. if jp morgan sells out then they well have around 9% so still another 10% needed will be on market and options i think. there is something up it just looks susp.
from my sources stuff should of happened last week, the chinese have had time now to secure the funds to to the transaction etc, the prob is what would you do if you were in the same position 7 or so offers, big buck some for 51% of company share price rise to 70c quickly but then get scrreewed later on, 2. sell 19.9% etc like has been going on and sp will rise also but still have control, but investor does not want to help expand opperation and maybe no funds, or 3 from what i understand there are alot of big russian chinese and indian companies and people that could just write a cheque for the whole project!!! what figure do you need to put on it??? and the other day a release that the market did not care about but the upgrade of the project (dont know as to how much as just drilling results) but if i was going to sell whole project i would be trying to say hey there is more here than just 2.5b tons etc
what do others think?????
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