Well might EVN make a bid 12c ?? ...... thought EVN would have...

Well might EVN make a bid 12c ?? ...... thought EVN would have their hands full with the Cowal gold mine purchase 550mill in the short term....
I understood the idea of taking the 19% position in PXG would be to keep a foot in the door till they had seen what the Zuleika zone held ??

What we heard from Mgmt before the lastest Zijin BIG offer of 10c>>>>

“We are pleased to be advancing satisfaction of conditions precedent to the Agreement with Evolution. We look forward to the shareholder meeting in June where we aim to conclude the second tranche placement with Evolution and commence the accelerated exploration programme on our Zuleika project,” Executive Chairman Dale Rogers said. The Board recommends Shareholders vote in favour of the resolution approving the issue of the second tranche shares to Evolution and each of the directors of Phoenix intend to vote any shares held by them in favour of that resolution.

Is the fact Zijin don't like the idea of PXG accelerating exploration ...this of course could see PXG S/H rewarded with great results ..