I don't think ZFX will push through another bid before an AGM response as this would show they thought it was a low bid in the first place.They will wait for AGM to come back and say "Get lost".
The resource upgrade shouldn't be far away either. I thought it was due this month but they could be waiting for some more drill results to bolster the numbers a bit more. This is good drilling weather at the moment.If the resource could get as high as 250k( a 66% increase), ZFX would have to come to the table with a much larger offer as the sp would jump 20% at least on the market that day.
AGM will probably take their time to get all the 'ammunition' ready for the counter attack.
Good luck to all that followed Nova's tip to get on at 66c a few days before the takeover news.A great 50% move.(Melua who?)and all other long term holders.
AGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
