The current float/merger proposal must be looking very shaky.The...

The current float/merger proposal must be looking very shaky.
The Chinese will now be bargain hunting given the dry up in equity markets and the tightening credit situation.

We have about $20 million left in working capital but also a contingent liability of around $15 million for stamp duty. We are also burning cash fast.

If the merger does not take place will we survive.

I would have thought Clive would not let that happen, but given his past treatment of minority shareholders who would know how this will end up?
It does not look good for us unless the merger does take place. Maybe Clive will have to reprice the RDI equity offer downwards to entice the Chinese.