The most important phase is the provision of the conventions and mining licences.
Any bidder ( and we know the dramas RIO has had in Afica) will want this part of the deal.
Therefore the is no chance of that condition being dropped...
Any bidder will be conditional...and even with sdl dropping the letter on confidence requirement on friday this is not even on the same page as the conventions condition importance.
The conventions are very detailed and lengthy for the govts and of major long term importance.
the share price reflects now the messiness of the deal
Conventions
Firb
Insider stuff
Finance
Timing etc...
We must all sit now and wait til conventions
Til then its 40c
Post that its 50c bid and time value of money disc and or chance for counter
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