"Dingyi has conducted extensive due diligence enquiries in...

"Dingyi has conducted extensive due diligence enquiries in relation to financial, technical, regulatory, legal and operational issues relating to the Company and its operations. These enquiries are continuing and are expected to be complete in the coming weeks. Dingyi has confirmed that it has now completed its technical due diligence review on Elemental's project and that all existing questions on that issue have been addressed to Dingyi's satisfaction;"

"Dingyi has confirmed that it continues to expect that if its Proposal is made, it will NOT be conditional upon financing or any Chinese or Australian Foreign Investment Review Board approvals."

...............

technical issues been addressed to Dingyi's satisfaction and no financing or approvals needed at their end..

looks like it'll go ahead IMO..

Shame for ELM shareholders for the long term...

but at $0.66 it's 50% upside to current levels for anyone buying in at current levels