"Following a public holiday on Thursday, Sampson said Discovery would come up with a response to Cathay Fortune's comments "in due course".
"We've seen Cathay Fortune repeatedly attack us, but they still have a very strong desire to take control of the company," he told Reuters.
"You'd presume it's because they see enormous upside in the project," he said. "They've endeavoured to acquire the project at the cheapest possible price."
UBS is advising Discovery."
Time is of the essence for Cathay - act now or be diluted to a minority level and risk a competitor gaining control.
DML Price at posting:
34.0¢ Sentiment: None Disclosure: Held
