re: Ann: Elemental appoints CF&Co as Strategi...
You have to think about the goverment of ROC. They want the mine, and that quickly. If ELM will not have the money to build they will loose the licence. It is africa, and there many things can change in minutes. And you have ever seen a company with marketcap from 80 Millions that get 1.9 Billion for building a mine? No, never.
If someone will make an offer from 50 cent by now, i think more then 70% will accept. It is better to have a little bit then nothing.
K2P Price at posting:
31.0¢ Sentiment: Sell Disclosure: Held