Based on the research I have posted, It is extremely likely that Zijin is behind the bid utilising Trans Metal Fund LP as a stealth vehicle. The directors involved in the holding company of Trans Metal Fund LP which is Trans Metal Fund Management Inc, are all lawyers and consultants who have represented Zijin Mining in previous acquisitions.
The situation in Congo with AVZ and Zijin is very unfortunate. Michael Boehm (one of those listed as the directors in Trans Metal Fund LP) is representing Zijin Mining in the ICSID case involving Cominiere, Zijin and AVZ. This only further validates my assertion that Zijin is behind the bid offer.
I also think the share price is being manipulated to keep it low to make the bid offer look attractive and therefore accepted by the company. If they're willing to go to the length of setting up ghost companies to make a bid offer, share price manipulation isn't out of the equation.
Thankfully Slovakia is an EU country and a tier 1 jurisdiction in that regard. They cannot play funny buggers like in the Congo and their only option is to acquire Sturec legitimately.
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