Anyone wondered why this deal is being done ? Supposedly a...

Anyone wondered why this deal is being done ? Supposedly a mining deal with the Government was due any tic of the clock. However those mining deals requires a DFS and ive never seen one for MCB. With the substantial negative changes to mining in the Phil having been put forward recently perhaps the numbers dont work. Plus how could CLA raise the Capex i guess that also is a problem in getting a mining deal with Govnt.
About $43 million has been spent on this MCB by Freeport and CLA and when CLA done the deal with this Anleck group was 780 million shares on issue and $5 million in the bank. The shares on issue after this 333 million go to Silvercorp will total 2,2 Billion shares. The $15 million raised in this placement will go back to Silvercorp as they are taking over CLA . So this deal is not costing them much in cash as the offer is 85% script. Just wonder why such a desperate deal at this time.
What did share holders get for all the time and money that has gone since that Anleck deal was done. Most will be looking at a big loss.