Shareholders need to accept Bastion's offer by COB 30th June. It looks like a relatively free option to me with the offer at 8c. You're guaranteed to get your money back, you hold for a month with the upside being in case Zijin do get involved and bid it up. There was mention Zijin were restructuring their gold assets which may have taken their focus from XAM.. Am a bit surprised the market isn't 7.9/8. Seems to be zero chance factored in that Zijin might bid.
The cost is only brokerage and lost interest earnings from cash.
Am i missing something?
XAM Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
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