Baphomet,The article is interesting in the wording. Comments...

Baphomet,
The article is interesting in the wording.

Comments like "For the time being we are not selling," and "We want to hold on and see how things develop," Mr Yang said, adding that he was waiting to see the outcome of the planned Zinifex and Oxiana merger." and "By .. becoming a minority shareholder in a merged Oxiana and Zinifex, it could gain exposure to the companies' combined lead, zinc, gold and copper assets." all imply that ZFX will not get control of AGM by 22 March.

I think your thoughts on the idea of a script bid is very likely.

One possible play is ZFX and OXR merge, and six months later a script bid for the remaining AGM shareholders in the new company gives Jinchuan a seat at the table. Also that offer may get the new company to 90% shareholding of AGM and then compulsary aquisition.

Horse