Given there 3.3 billion shares on issue. And their free carried interest with carnaby and some thing with hammer too i recall.
It makes total sense for carnaby to merge with hammer and "pay out "dcx for there fair share. How likely is cash offer from carnaby? Is it likely cnb want all the company?
There is still the disagreement with the royalties on one lease that i think has not been resolved .
The rio joint venture is very interesting and there other projects are promising. I quite like the board. We still have some shares in companies.
A full takeover should be put the shareprice up around near 1 cent to begin with i would estimate
Ann: Suspension from Quotation, page-15
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