jrl net asset value summary, page-10

it will be an offer for part or all of EME almost certainly.

best case for us all is an offer on Bigrlyi only with the rest of the Ngalia and WA stuff being retained. hopefully someone that isn't interested in exploring but want to secure supply.

in terms of who, it would appear to be foreign as there is no corresponding notices for other australian players.

if PDN want to move they will be working on it tonite. PDN have the advantage of being able to offer cash and/or scrip (something a foreign company would be more constrained by due to the inability to easily pass thru scrip to the major holder ie JRL and shareholders).

a contested bid would be sweet.

ps. an in specie distribution would not have the stock halted.