Xinhe/Xingao are all over the place in their bidders statement.
They just have not got the money to buy the company. That's seriously questioned by BE board, and they would know more than most.
Nor can they excite Australian investors to buy in and be investors in Xinhe.
Without due diligence, which is entirely at the discretion of Bullseye, and they are not getting it, their offer drops to $0.31 / share
They also have the right to drop the offer and walk away.
If they claim to have access to the money, the source of the funds must be questioned.
Any money coming from China would be an abomination.
Ann: TOV: Bullseye Mining Limited 04 - Panel Receives Application, page-16
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