Why Wait???, page-45

If the Chinese liked the ore samples they got, then they would be prepared to put in a substantial offer. but if they have the cash, you would expect there to be some Bluesky for the purchaser. Otherwise would they offer big bucks???

It is a bit of a catch 22 at present, if the offer is half decent. Turn it down and they might not decide to sit and talk about it for a JV, so cash gone. Then the company has to go out and raise the cash from a potential point of view.
But if they sell it, they no longer have the asset to develop, but have cash.

What the board is possibly trying to work out is how the offer sits compared to all the cash and work needed to make a mine there work, as well as the dilution that would go along with it. ie a bird in the hand is it better than a couple in the Mali bush??

I've got no doubt the offer will be smack in the middle between a rock and a hard place!!!