amx in play, page-5

Fishy is right that a t/o could take on many forms.

Anything from a merger to a JV or partital script/cash - even a "line in the sand" type deal, where they buy out the known resource only and have an option to pay "X" amount for ounces discovered there after (see cape lambert deal)

In a competitive situation however, with rival bidders , i favour a majority cash offer. Given the majors are cashed up also at the moment, and many have a war chest for acquisitions, a cash deal over further dilution of thier own register seems likely.

Either way , no matter what the form , the dollars and cents need to equate to a net figure of X , which will either be accepted or not.