what is it worth?, page-9

Yeah, accepting the open offer is not going to involve much mucking around and will deliver a quid, provided they don't try to box too clever and imagine they can somehow force a better price by threatening to be a kind of thorn in Avoca's side.

The whole DIO takeover attempt process has been frsustrating for us retail holders because the tactical and strategic underpinnings are obscure to us. The eventual effective cap raising at 60 cents is not a bad thing, but maybe we'll be bitching about that if RMS is over a dollar soon?

There's cash and there's gold and more to come of both right now, and that is the classic position of simultaneously being a risk and an opportuntity.

I hope management has read the history of how ZFX, against all odds, managed to turn a billion dollars in cash into...nothing, before they make the moves necessary to leverage their cash and gold into a further resource with greater longevity.

They at least have the advantage that the current market has opportunities which are undervalued instead of ludicrously over-valued.