This had a lot more potential than the current takeover offers provides following the plan of starting small and expanding in two in demand commodities plus exploration. However the in the current climate with copper and cobalt retreating plus DRC news has really impacted progress like a host of other plays. Need to balance continued shareholder dilution while waiting for a better climate to advance the project vs the current offer now. Frustrating for holders as I bet this bid probably nuts the bottom in copper and cobalt.
There will be no competition in Chinese bids in public, I've been a pains to point out on other threads they seem to be not allowed to bid against each other.
NZC Price at posting:
31.5¢ Sentiment: Buy Disclosure: Not Held