Happy reading this announcement - FML does not think Nanking's second offer is superior than HRZ's!
And rightly so.
Once the deal is completed, HRZ with the mill refurbished plus consolidated Coolgardie tenements + Boorara being mined at full-tilt -> watch FML's $12 million worth of HRZ's shares grow to become > $100 million by 2021. These shares plus $43 million cash = $143m. How can a cash deal of $56m - $65m possibly beat this?
My humble opinion.
Ann: FML: Response to Hanking's NBIO for the Coolgardie Gold Proj, page-9
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