Ann: Hanking Australia - Change in substantial holding, page-12

I'm still sitting on the sideline with my holding, I'm in no rush to accept their low ball offer. It would be good if we could freeze director salaries until this has all played out..... as it could take quite a while.... and time is money!

By the looks of it Hanking's stake is creeping up each day by 1-2%. If it continues at this rate they'll hit 50% within 3 weeks time.

If you don't need the cash at the moment, then hold on and see what happens

Some risks with this:

*Hanking might just sit on the PGO assets for a very long time and never take the mines to production.
*The PGO management team will be working with Hanking's interests in focus not yours (even though it seems like it's been like this for sometime anyway... haha)
*They may just go through this same low-ball take over process again with another of their Chinese companies.
*They might just bleed the cash dry by installing their own staff into all the management roles and pay themselves fat salaries for doing nothing and then just do capital raisings back to themselves at a very low share price effectively giving them more shares in the company at a low cost and diluting other existing shareholders.

DYOR