Hotrocker,without knowing whats really going on,this deal,offers much,in the first instance,without giving away too much IMHO. CEN is still in play and will be for some time. Monument have the best of both worlds initially and ultimately,as do we. The $90 thousand break bond is bugger all.
Well over a year ago,I was talking with Andrew,he reckoned he asked the rum geo over a beer or three at some pub in the Alice,why they(rum) hadn't tried to take CEN over,the rum geo,reckoned it was cheaper to drill their resource up, as opposed to buy it from us.
Given our current resource and the potential resource 600-1000M tonne,why would they not go again with a better offer?,its still a cheap play at $20 million.
Its incredible over here in WA,the wheat farmers are trying to borrow money to put a crop in and fertilise it with phosphate.
The Chinese must be sitting on their hands looking through the round window.
Raider
CEN Price at posting:
1.8¢ Sentiment: None Disclosure: Held
