Surprise?Not even Mathews Capital are stepping up. I think it's...

Surprise?

Not even Mathews Capital are stepping up.

I think it's in our longer term interests for the share price to remain at these low and lower levels (even though I don't like it).

In my opinion there is now buckley's chance of getting a JV partner into the Bundi project for what I thought the project was worth - $200m. So, I cannot see $100m going into a special purpose vehicle (similar to Columboola JV).

MTE is now capped at $100 million. A takeover is the most likely outcome next year in my opinion but the share price has to stay at these levels or below for at least the next couple of months.

The potential suitor will offer a premium to a VWAP over a month or two.

The stock has been killed. Dead!!!!!!

My head is still spinning from yesterday's dramatic share price fall. What a curve ball!