a few thoughts, page-2

You have lost the plot if you think anyone would take over the company in its current state. The share price is down for a reason, the company has failed to secure direct equity in its major project and have not provided any reason why. "Protracted and ongoing" are not words admired by any potentiol suitor. Furthermore, they have not even agreed loan terms with the 20% funding their partner is meant to stump up. They have lent money to them and not agreed terms - what company does this? There should be a formal agreement. The longer this takes as far as i'm concerned the riskier it becomes. We are left in the dark in regard to the detail and who knows why they havent been able to finalise it all. The partner could be struggling, could be diagreeing with proposals and causing all kinds of problems for all we know. We will not get any kind of increase in SP or be considered for take over until we have sort these issues out (then...the forrestry permitting).