IMO the Chinese do not want any projects other than Lennard...

IMO the Chinese do not want any projects other than Lennard Shelf, so the Russian gold mine is not part of their deal. Nor do the Chinese need the CR.

Let's face it, the Russian gold project was a strange one from the offset; a small Austrlian explorer taking on a project half way around the world in the harshest conditions imaginable. The fact that the Russians have given mgmt a further 3 months to complete due diligence, without any consideration it seems, has to make you wonder who the price is more favourable for.

Does mgmt want to block the takeover? It would appear so. What are the ramifications for shareholders if this happens?

I continue to watch this stock with interest, while the takeover offer unfolds, as there may still be some significant upside from here.