Agree with Bigben. However I'm sort of thinking that they will announce finance and a renouncable rights issue for up to 143M shares underwritten by Aahana. This way they increase their holdings without having to do a mandatory takeover. Then it's time to ramp up production at BBM and flog the whole thing off for big $$$$ to a bigger player (maybe Bayan?). Along the way pump the price with announcements of second director, maybe something about TBar etc, and the usual arrival on site of machinery and mining started etc sort of stuff. What do you think Baulk? Either way it seems to be only going one way...takeover. It just may take longer to achieve maximum value.
CKA Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
