Without being fully abreast on the happenings of this stock, i will say that if the above mentioned group had $700m cash then they wouldnt blow it all just on the initial purchase of an asset without any work done to it.
It'll be s $300m offer at the most and the rest on CAPEX.
$300m over 1.5bln shares is 20c.
Get used to it because if u think they'll spend $750 on a non-JORC resource and then spend another $400m+ on CAPEX then you're silly.
And then if the deal falls through??