Yeah, is it just me? Am I the intellectual dwarf here? Or are...

Yeah, is it just me? Am I the intellectual dwarf here? Or are the people who sold their shares today in the high 60s just so desperate to get some cash they gave away their retirement money? I was worried I wouldn't be able to buy at under 80 this morning and had my order for more in as soon as the trading halt came through.

I mean I think I have this right: a large Chinese steel company is quite prepared to put $271 million into CXM plus another multi million $$ to build a deep water port, thus bringing their total investment to probably over $300 million for a post listing stake of some 13 odd % in a company with about 300 million shares on issue. So in essence we are talking a buck a share for a less than 15% stake in the company.....Sure they are going to get 60% of 5 tenements out of how many more? 15?

CXM were quite right to say they are a billion $ company now. If $300M gets you less than 14% of the company what is the other 86% worth? If these Chinese guys are prepared to spend a $ a share why on earth would you sell yours for 70c???

Or have I got this completely wrong? I can't do simple arithmetic and the people who sold this morning are obviously insiders who know the Chinese won't send the bank TT for $52M....