Ann: Intention to make Takeover Bid for Bullseye Mining Limited, page-8

Yeah, I like RED at the moment.

This Bullseye offer kind of came in unexpected, at least by me, but if they can get it for this offered price then I would go for it, but I expect it's just a feeler to see what response they might get.

Though I'm fairly certain this offer hasn't got a chance in hell, but it's an interesting exercise, and shows they are interested.

They did a similar thing with CIO, and reported their last resources based announcement by also releasing it under the RED code on the ASX, which was a bit cheeky.

I think the CIO deal will have more of a chance of getting over the line, than the Bullseye offer, that is when CIO get confirmation of their ownership.

These announcements and offers do show up RED as a hungry wolf in the region, which may in itself also attract some other enquiries.

For the moment though, I wouldn't pay too much credence to these announcements - smoke and mirrors.

Gw