Things are going to get very interesting very quickly...
One month ago, the start of February, they said they do not expect this to take longer than 2-3 months, so definitive action could be in
March.
Those that are worried about cash, they have enough to last until
Mid May, which is well after expected Definitive Agreement.
Mining Activity permit expected within 30 days, Which bounces the instant cash payment up to Aussie $84 million, to 44c a share instantly..
(85% payout of this is 37c )So the quick flippers get instant 85% payout of 37c cash , plus long-term holders hold for the remaining total of 62c in value to come..
So why the sellers ? Maybe we just had a few too many leveraged punters trapped when it didn't Rally above 26c initially and have since been margin called / forced out lately with the Chinese bidders games being played.
Anyway you look at this, the risk / reward is quite an incredible situation we have here...
The risk is the Bid is bullshit,
The reward is +300% to + 50c if it's not..
The reward is even more if another bidder shows up from the 11 remaining interested.....As an unvaccinated Man who lost his job standing up for what is right and will depend on this outcome for survival , i think God almighty might just be watching over me again and protect me from any evil outcome.....
(20min delay)