Because i think that the odds of a JV are zero. Zijin will want it all, or nothing.
A more appropriate question is given the poor track record on progress dating back many years,
(heck i see the same regurgitation in annual reports, they dont do a lot of new typing do they)
what are the odds of Genorah screwing the deal. (they already screwed up a 50c offer back in 2011)
And if you believe that the odds are well in the companies favor, why wait for someone to sell down out of impatience? Thats fair enough though, it is what it is.
But its an expression of where the true faith is.
Out of how many shareholders who are aware of what Zijin represent, are prepared to rush in.
No-ones rushing in. They are like BG, just taking what others are giving up on.
Sad state of affairs. And an opportunistic buy for mine.
NKP Price at posting:
6.1¢ Sentiment: None Disclosure: Held