greedy,
you have followed this since March and you have all the right questions.
Ev would not block MCC because they are trying to gather as much goodwill as possible to get approval from the Chinese for the Delong deal. Ev would not compete with MCC because that would jack up the price of the resource when they can get similar if not better value elsewhere.
As we stated in March, CFE is a cash box once the deal is approved. Is a no brainer. Pay 20c for the options , 27.7 c to exercise and get back maybe 85c. Profit 37.3c and still holding on to CFE shares which they can flog for another 40c. That's a 150% profit for very little risk. A total profit of $55m for their 72m shares without all the hassle of FIRB, cash flow timing, running a company , etc.
An alternative is for the company to buy back the shares maybe at 90c. I think that is what EV is trying to get other s/h to support.
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