Ann: Receipt of Unsolicited Takeover Offer, page-20

I'm not so sure if EVN will put a bid, but I think the strategic alliance placement with them was a massive disadvantage for PXG holders.

Tranche 1 shares to them were issued at 7.5c, EVN can simply choose not to counter-bid with Zijin, if the 4 top holders have supported Zijin's bid and can easily accept Zijin's offer for their 44m shares, which stands at a net profit of $1.1m. Massive disadvantage tactics from EVN deal.