I think once the vote has passed and Dingui place there money where there mouth is at a cheap 35c it will indicate the intention to proceed . I also agree, that as a prior post indicated ,they are not paying to much attention to the price at the moment other than to convince the shareholders.The cartels are manipulating the price to place questions for BHP on whether to proceed with the Jensen Project that has a massive cap x .The all in cash price for ELM is considerably lower than the predicted short term pressure applied in the power games . I also believe that this project , with the low costs , can withstand any manipulation to the market and the Chinese would be well aware . Low Cost project and Captain of the ship without the concern of games from high cost projects and being held to ransom from the cartels . Makes sense for deal to proceed and no matter the current price they know they need the support to gain the min 50.1% and a cheaper price will insult shareholders and risk a great deal for them.As I said previously , once they put the money where there mouth is for the capital raising will give confidence and believe the stock support will follow . All a feeling and educated and somewhat informative guess . Hold till the 35c has been voted and supported then decide to invest for further gains . All my opinion , take what you will at your own gut feelings and research . Sorry about any spelling, a quick post and never my strong point .
K2P Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held