Plan to issue new shares at 1.6c to strategic investor with...

Plan to issue new shares at 1.6c to strategic investor with attached options.

Owns Mg plant in China worth around $50mn (that's about 15c per share).

After new share issue I could justify an SP in the range 5c - 8c being conservative taking debt etc into account.

Current offer 1.1c

Have I missed something or can I expect a couple of bags following the AGM on the 26th November when everything should be approved?

Any other holders out there??

EB