RE:Is deal going to happen?Why wouldn't it other than a negative technical issue on reserves comes up ? Pretty much everything else has been disclosed. Unless the offer is related to a company that was a Chinese based company involved in a reverse take over to become publicly listed I cannot think of an offer from a Chinese party who reneged on a deal in any industry.
Geo Jade now has gone through the effort and raised the all of the funds and the oil price is higher since the inital offer was made.
Actually the current discount for execution risk here is very miniscule in its expected closure date comapred to other recent deals like Mart Resources, Oando Energy, Sunridge Gold and Metallico (the latter 2 were from Chinese buyers) so I am sure the market makers could still play more games with this
If you need to raise cash for a better opportunityby all means sell but if this money would sit in a cash account anyway I would hold out for the $2.20 even if the deal happened to be delayed for another month or 2.