Galvanise:
You sound like the only smart honest person on this thread
Agree with your point on Quantum.
Thats why it'll get ugly.
EQN wont roll over or accept any offer sub $7.50.
Its a steallllll under $10 imo.
This manouvere is ingeniuos.
It OFFICIALLY kick starts the game. The co is now IN-PLAY for all.
It wont happen overnight, but will certainly happen.
They are gauranteed to make tens of millions of their investment at least.
If ZFX, XST, OXR or a Canadian or Russian miner comes over the top witha $8 bid, they make a killing.
For them, its win-win.
Ingenious move.
I dont hold ZFX, and at these levels, I wouldnt.
I think they will go after a copper co - not OXR - with overseas assets. EQN would be logical. Their advisors will be all over EQN today - and for the next few weeks.
But ZFX is trading with a $2 TO premium imo. If they take someone out, that premium goes too.
Remember that
ZFX
zinifex limited
