I doubt that Zhaojin has increased its holding by more than a couple of million, if that. Should Zhaojin want to increase its offer they will have to take note of the recent Grant Thornton valuation of 79c to 93c as well as a rising gold price. In my view anything shy of A$1 will be rejected by the BOD. With MW presenting at both the 121 mining conference in Cape Town in early February and RIU conference in WA in mid February , we might just break free from the controlled 60.5c share price.
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I doubt that Zhaojin has increased its holding by more than a...
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