Agree on both points Scrixy, there is still overhang there. And, If needed it will be a quick cap raise within the major holders or a convertible note possibly secured on the deposit return. And the deposit return is a legal issue.
Lamboo have to walk a fine line here to ensure they are not seen to be walking away & that the material breach has incontrovertibly occured & been caused by China Hengda - "Otherwise, the Framework Agreement may be terminated for material breach and other customary termination events." Its obvious to all of us but the blindfolded lady of 'justice' ......
Agree here with Tone, I am convinced it will happen, & it is secured against China Hengda's best assets, just not sure when. Next week, next month ....
News: Lamboo Resources, Hengda Graphite Co will no longer merge, page-27
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