agreed directors appear to be wheelers and dealers and not...

agreed

directors appear to be wheelers and dealers and not interested in doing any mining themselves

I would say they would prefer to get rid of the reource for the dollars even at a cheap price just to ensure they dont have to actually do any work with their hands and mess up their manicure

If evraz offered anything north of 110 it would be a done deal

but there is no way a takeover will eventuate its more about getting a hold of a resource for the steel business in SE Asia
-you cant make steele without the resource- and preferably nearby for transport costs and reliability of supply

CFE is ideal due to locality and new port facilities thats why evraz is annoyed the reource is so cheap and they missed out on it

With delongs 16 % and evrazs 20% they own quite a chunk of the company already so the vote at the meeting will rely on every individual no matter how many shares to vote

MCC arent allowed to vote so their shareholding is diluting rather than helpful...so it will be a close call

lets hope evraz come in with a deal announcement before the meeting to get the sp up to equal to the takeover value.

great stock to own coz its so much fun to watch...weekends are so annoying arent they ?

goodluck all