A "change of control" is the same as a take over except that...

A "change of control" is the same as a take over except that Baiyin has already acquired a controlling stake in the company under several names. It is now looking at taking over us (minority share holders).

For them to become successful, they'll need to pay a premium above +53c as this is what we all have in mind including AFR and Bloomberg. Highly likely they are aware anything less than 53c+ will become unsuccessful.

They have already managed to average down on their T/o by manipulating the markets and buying out the weak share holders in recent days. Thus paying a premium above 53c+ is already cheap to them

The share price being in the 40s shortly after they buy a stake at 17.7% tells you they have been playing games with us all along. I mentioned this last week and said you have a few choices

1. get flushed out cheap
2. hold and accumulate
3. sit tight

hope you all chose 2 and 3 and not 1.

All just my analysis and opinion

good luck (: