Hi Ddzx,My understanding is we had to keep all the staff on for...

Hi Ddzx,

My understanding is we had to keep all the staff on for legal reasons with regard to the takeover offer or risk being in breach and then have to pay Dingyi millions in penalties.

Dingyi literally had us bound by our hands and feet.

Why our board gave Dingyi so much control and kept continuing the exclusivity period with such negative conditions on us is beyond me. We should have offered Dingyi a 3 month sunset clause and then that is it, no ifs ands or buts. Put the pressure on Dingyi to do the deal quickly and efficiently if they are serious about wanting our asset not give them the green light to delay, wear us down and waste our time and money.

The more I reflect on what has happened the more disgusted I am at our board.

I hope what's left of our board take the time to clearly outline to the ROC mining officials all the evidence proving that these delays are all Dingyi's fault, perhaps even part of a malicious and deceptive agenda.