The way I see this is chalk and cheese. Zijin are offering a...

The way I see this is chalk and cheese.

Zijin are offering a full takeover offer at 10c, yet EVN are offering dillution based capital for drilling and further shareholder wealth creation at 8.5c.

The EVN offer does cause dilution for the shareholder but offers potential long term incentives for LTHs. Whereas a 10c offering for a full takeover sees the wealth generation go elsewhere with LTH not getting a look in.

I suspect this will be the first play in a bout of bidding for the company.

10c is laughable.