Dingyi Offer – Independent Expert’s Report "From all the initiatives above, Elemental received a number of non-binding, indicative and confidential proposals concerning potential corporate transactions and financing, infrastructure and capital alternatives available to the Company. Whilst a number of these proposals have been investigated and a number of parties have conducted due diligence enquiries regarding the Company, no proposal received by the Company was at a stage where it was capable of being implemented in the form presented. The board of directors have assessed that the Offer from Dingyi would be most attractive, and since then, Elemental has ceased further discussions with the remaining interested parties and strategic opportunities in view of the exclusivity agreed with Dingyi."
So, now all parties who don't want that the chinese get a world class potashe project for small money, come out and make an better offer.
K2P Price at posting:
56.0¢ Sentiment: LT Buy Disclosure: Held
