agree with Blake. the baseline has moved significantly since the...

agree with Blake. the baseline has moved significantly since the low ball offer. the old offer docs state clearly that the validations to sell where $2bn in funds reqd to build the infrastructure. Thats now more than halved to 900m....! so the IRR etc based on modelling is way more compelling (and self funding for the build of stage 2) and would require a re-calibration to the value they can ascribe to the bid. I see a 1.5-2 times increase to the original bid offer, upper end should the potash price rise, so would benefit any bidder to buy at the lows NOW.

still, does NOT resolve the REVERSE TAKEOVER clause, NOT A FAN OF DINGYI (READ ANY OF MY FORMER POSTS OUTLINING THE SEVERE LACK OF GOVERNANCE BY THIS WANNA BE "CONGLOMERATE").......BUT CURIOUS TO KNOW IF THEIR NEWLY FORMED "GOLDEN" CIRCUMVENTS THIS IN ANY WAY, EITHER WAY...USUAL "DELAYS TO CIRCULAR" AND PETTY GAMES BY DINGYI GET PLAYED. any1 researched the "golden" goose structure? lets hope the advisors did the relevant research before advising on this course of action!

IS THERE SERIOUSLY NO OTHER BUYER? EVEN WITH A BID, I THINK NOW I WOULD RATHER HOLD, ALLOW TIME TO BUILD AND MINE. 30++ YR LIFE OF MINE, BRING IT ON, SO MUCH UNTAPPED VALUE IN OUR WORLD CLASS ASSET!! POTASH PRICES WILL ONLY RISE, WHY SELL LOW?

WHY LONG TERMERS WOULD U CUT AND RUN FOR 50-60C? CHINA CLEARLY WANTS THIS....LET THEM PAY..! $1++ ($400M++ IS NOT UNREASONABLE)