Good post. As Matty said this afternoon and just posted a minute...

Good post. As Matty said this afternoon and just posted a minute ago (BTW, I just read this story) this is to flush the Chinese out. Get ready for that 70-80 cents transaction. Not good but better than 51 cents !


Both Mr Scott-Mackenzie and managing director Greg Martin stressed that Murchison reserved the right to seek a higher proposal right up until shareholders vote on the deal at an extraordinary general meeting scheduled for February.

Mr Martin said “a number” of Chinese parties had already been through Murchison’s data room to have a closer look at the Oakajee project and Jack Hills since the company launched a strategic review in July after admitting it would struggle financing the projects.

He said that by making the Mitsubishi deal public, it could “expedite” any other proposals that may be waiting in the wings.

“It’s now time for other parties to decide what they think of that [Mitsubishi deal] and come forward with superior proposals,” Mr Martin told shareholders today.