I have a couple of questions about the Chinese coming on board. Firstly if lcy buy out mt bevan and offer the shares they own does that mean that the Chinese percentage of the company goes up? They have 39% I think at the second subscription if lcy's 18% is absorbed back in does that effectively give 50% to the Chinese?
Also I'm guessing (damn near sure) that the Chinese would have been told all about the talks with lcy. If they know what the first offer is could that explain why they paid a premium?
Finally if they bought in purely on the gold what were they told or shown to get them to buy in and at a premium?
mt beven results, page-26
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