News: BGH Zeta Resources proposes to make an off-market takeover bid for Bligh Resources, page-9

A company is required by law to provide a takeover offer, if it exceeds the 19.99% shareholder ownership.

Very interesting...didn't read it this morning properly. Just saw 3.5 cents and 9.1% and thought it was a joke.

SAR offer is at 3.2 cents; Zeta at 3.5 cents. So could easily move higher from here, especially with gold prices at higher levels.

We have to remember Zeta is backed by some serious coin and they know that the Bundarra resource is worth way more than $8.5 million at higher gold prices. My view is that SAR is taking the company for a ride, offering less than 3.8 cents per share.

It should have paid $8.5 million for our project at current prices. At the moment, worth significantly less than that. Zeta has some serious coin and can probably re-list the project and get a lot more for it, via a reverse takeover.