Buddy,Like you I continue to hold (although only half my...

Buddy,

Like you I continue to hold (although only half my original holding) for the longer term benefits.

As I see it there are only 3 ways ZFX can progress to 90% compulsory acquisition.

One is obviously to convince Jinchuan to sell.

The second is to drop the bid and come back later to mop up with another (possibly higher) offer. I understand that a lower offer cannot be made for 4 months.

The third is to drop the bid, dilute the outstanding shares by further share issues (possibly to new board members) and use the 3% creep provisions to sneak over the line buying on market.

In relation to this third option, can they do this? and if they did reach 90% in this way at what price might compulsory acquisition take place, given that no bid would necessarily be in place?

Cheers

$eeker