The Jan announcement did seem Positive Kruiser (Share price...

The Jan announcement did seem Positive Kruiser (Share price reacted positively but RMac has probably smashed price since--- so we know the sellers but who is the buyer ----)

The announcement said several Indicative offers have been received to provide funding;

Indicative Offer is defined as - an early offer or price that indicates how much someone might pay but is not definite. Useful tool early in a process to ascertain whether the buyer and seller share similar views on value or terms;

Several is defined as more than one. One of the several offers became a non biding offer but was rejected by the board as per announcement.

I guess we have to trust management and hope that one of these indicative offers turns into a final offer. My trust in the company and even Scott has vanished over time because;


No buyers for the stock

No Cash

No resource upgrade for years

No full assays for Kanzi even though drilling started Oct 3 2012

No break of downtrend

No updated presentation with timeline to production (eg PIR has timeline in Presentation)

No updated Pattos Report on Kanzi

No performance options for Scott based on milestone of mining/selling 500K Tonnes of ore ... especially given the deposits have been drilled in 1970's/80's etc

$0.14, $0.21 and $0.28 vesting conditions appear cheap when compared to the research targets of $0.68 and $0.86

Maybe I should vote No for the options as the trend above is pretty clear. If these research reports are fairly accurate (ie NPV target $1.70 as per IIR based on two small projects), then Scott could become the $6 million dollar man. You have to ask yourself is somebody realistically worth that much? Where is our $6million dollars worth of disclosure? One example is the Cabinda JORC and performance shares aye Kruiser?