hi cheapprice my holding won't make much difference to anything...

hi cheapprice

my holding won't make much difference to anything but the new deposit Yangala can add a lot of value here so ELM better start drilling it on time (late Q2) to maximise value & keep the oppies in play (expire 15 Jan 2016)

the last offer was $190M which equates to 44 cents today, due to large dilution & options

potash prices have fallen significantly since the last offer however the resource will at least double or triple. i can't see Dingyi offering more than $250M, which equates to 57 cents per share (taking into account the options)

since Dingyi have been buying shares cheaply (40M+), they could offer a little more, say 60 cents

regards