not a dead duck at all. NGF want PXG but have been blindsighted...

not a dead duck at all.

NGF want PXG but have been blindsighted by EVN.

Zijin will increase takeover offer for NGF and will be approved at June 12 meeting.

My guess is that this will allow NGF to make a takeover offer for PXG prior to their general meeting on 23 June to approve EVN second trance of shares.

EVN have really shafted NGF strategy of taking over PXG and will need to hurry and act accordingly.

This in my opinion is the reason why PxG and NGF haven't signed any agreement.

PXG are in the box seat. Let EVN and NGF battle it out.

If the Chinese werent so arrogant they should have offered 20 to 25c for PXG and be done with it.

Now will be a bidding war.

Watch this space.

NGF want castle hill to their selves. Why don't you think the agreement hasn't been signed???!!!!!!!