what could of happned, page-7

Just an observation. The reason I got out today was that JK's announcement said somethiong like due to technical and other risks, the Board had resolved that it was not in the best interests of shareholders for the company to increase its offer furher by offering an excessive price. In other words(IMO) the Board is clearly advising the market that the risks do not justify offering more. It is therefore(IMO) unlikely that the Board would subsequently sufficiently up its price to secure a deal as if they did this (IMO) they would have mislead the market with todays announcement. However, it would be okay if the vendor was to agree to accept a basically similar deal to that which had been put by RAU. Still, a real debacle. The company semingly entering into an arrangement where it does all the due diligence, pays the vendor for that privilege and then the vendor simply says No! and can go and try to find a higher bidder. UNBELIEVABLE?? Due to the above I got out today at a big loss, but in fairness to all RAU shareholders I hope value returns through the other RAU projects and maybe even Mt Carbine