russians play 2

What choices do the Russians have? As we all know they are after the cash but it’s now too late to stop the divvy. By law for a take over they have to offer above the highest price they paid in the last four months, which was around 75c in mid July. Therefore don’t expect them to do anything before the 15 November. They do like Sierra Leone & may choose to wait for things to progress there, after all they have a good foot in the door (a size 20) & don’t have to act immediately. Originally they wanted to gain control of the cash to develop the northern tenement but it wouldn’t surprise me if they sit back for a while & allow TS to use the money instead to accumulate some good Australian projects at a bargain nowdays. It would be easier for him to do it than the Russians. Everaz is also known for its long term strategies & its been speculated that Everaz would use cfe as a vehicle to further its interest in Australia.
Its probably more a case of when, not if for a take over. TS has the right idea of workig hard to add value to the company with new projects & the drilling of the southern tenement so that any bid would be more aligned with the true value of the company.