The 51 % stake...by the Mongolians was totally expected. Did anyone on this board really think they weren't going to take 51% of this play. Whether they announced their intention today or after the mining licence was (potentially) renewed is really a non-event to the current circumstances and should have been factored into your valuation of your Khan shares prior to the licence suspension mess. I think Khan itself has brought this lingering uncertainty of Mongolian ownership % to a head as a result of their their ongoing negotiations with them. I think it has to be part of their strategy and I`m glad they did as it removes one more speculation or red herring from the equation. Khan should now of course, willingly agree to the 51% (they have no leverage to argue otherwise). They should do this FAST (and much prior to the expiration of the ARMZ offer) to be viewed as a completely compliant & a supportive partner to the Mongolian Gov't. Is it completely mad & wild speculation to think that if Khan agreed tomorrow to the 51% that the Gov't would shortly thereafter re-issue their licence before the offer from ARMZ expires?? I may dream about such a scenario but who the F knows... Reality is that if a 10 cent higher offer came in tomorrow I would tender my shares. It's just not worth worrying this play anymore. Although, in the back of my mind in this particular case , I can't believe the Mongolian gov`t would want to risk their image with int`l investment community and the CDN gov`t which it purports to hold in high regard relative to its laws and standards. If one were to review the full history to the courts it is nothing less than robbery through expropriation...