Ann: Cleansing Prospectus , page-26

agree, its not fait accompli....

so in the event it does not happen, Zijin can walk, that's why we are at 8-9c... it factors a probability it could happen, not a certainty...

of course Zijin are not going to buy without certainty, that why it structured as an option... so to base a TO on that is stupid!!!


if it does happen, this will create certainty in the SP... it will also increase the probability that Zijin will want to advance the next level of development...


As for this comment:

"If there is a chance of a takeover at 30c - insiders would be buying up at 8c. But they aint."

it is stupid that we are talking of this when all that is announced is a possible JV... at present, Zijin have an option to possibly advance on a JV as a strategicc partner.... So why are we talking takeover and using base of 8c... it makes no sense... once the conditions precedent are met and announced, lets open the discussion back up then and re-visit the SP at that time!!