THE DOOR IS STILL OPEN FOR ANOTHER OFFER...I will highlight...
Zijin is entitled to a termination payment of $50M if the definitive agreement is terminated in certain circumstances, including if Nevsun enters into an agreement with respect to a superior proposal, or if the Board of Directors of Nevsun withdraws or modifies its recommendation with respect to the Offer.
Read more at https://www.stockhouse.com/companies/bullboard/t.nsu/nevsun-resources-ltd?postid=28563702#5ZE7dfwthIIOtCBZ.99
While this could be the end the door is still open.
While it is clearly a much more reasonable offer than Lundin, it still heavily undervalues NSU as I have argued.
A 50 million break fee is not a deal breaker IMO if you want Timok.
So I don't think this is the end.
Zijin may still come out with the asset but maybe they're going to forced to add in a kicker??? Some shares possibly???
All IMO.
Long and strong was the play here so nothing has changed in that regard.
I'm holding because I don't think we're done yet.