Yes, you can't trust a Chinese bidder, but their comments reveal...

Yes, you can't trust a Chinese bidder, but their comments reveal one thing and that is that they want the asset.

No matter how the shorts or those who aren't long want to see it, this is nothing but good news for the share price.

The stock is now in play, which is an infinitely better position than where we were yesterday.

Directors can now either grant DD or say "sorry Cathay, but we are proceeding with a raising, so put up or shut up".

Cathay will be forced to make a genuine bid or become diluted. Either way, a raising won't happen at 25c - it will be much higher or everyone will be piling in.