"It is a bit of a catch 22 at present, if the offer is half...

"It is a bit of a catch 22 at present, if the offer is half decent. Turn it down and they might not decide to sit and talk about it for a JV, so cash gone. Then the company has to go out and raise the cash from a potential point of view."
Well IMO, if the said "offer" is rejected, there is no way that the Chinese will just drift off into the night without increasing the offer. They are the ones that are making an "offer" prior to scoping study/drill results, etc. They may have been the ones doing due diligence as mention in an announcement a while back, but in my view, they want the Li, they will increase the price for it. They are the ones knocking, and seriously, BGS has it all in the palm of their hands, just how they play it will be another thing.
gltah