News: CXX Cradle Resources says Ian Middlemas appointed chairman, page-9

Totally agree P'rattler.

There are some pretty tough penalties under the Corporations Act if you get your decision-making wrong.

From what I can see, going back and reviewing ALL the Company information that has been released to the market from day one, you'd have to be a pretty brave Board to recommend any sort of takeover offer to your shareholders - prior to production.

I'd say there would be quite a few shareholders (like me) who have made the SP purchasing decisions based the information released to the market...that is, a serious long term play based on excellent NPV figures and/or dividends.

Based on that logic, I might accept a takeover offer - if it were based on the current NPV figure, with maybe a teeny discount built in. Other than that (if you didn't NEED the money) - why would you sell?

Isn't it getting interesting.