well you are judging PI mentality by what you see on the boards aren't you.
so if the chiense are sensible (which they usually are) and they do have a view to takeover they will wait until after the regulatory hurdles have been jumped
re a takeover. i think one is only likely to come from china once and if we are in production, certainly once we have approval to commence production. the Chinese aren't flavour of the month in Zambia atm, or other parts of Africa because of their business practices. treatment of workers etc. i think if BMR were Chinese owned ZEMA would look at it with a lot more scepticism
i imagine most PI's who have been in the game more than a few years are the same. could be wrong though
i know for myself when i first started playing with shares i relied on the boards for support/information, now i use them mainly for conversation/passing time, not to guide my trading decisions
i don't think the few dozen regular contributors on the boards are representative of most PI's in fact im pretty sure most PI's don't use the boards
and MA can't prevent a hostile takeover either. for that reason if one comes i hope the price has improved beforehand
if a takeover comes at this price the most itll be for will be about 2.5-3p (providing it's hostile) companies don't pay hundreds of percentage points premium usually
as i said something is holding it up. be it PI's or II's
it's not far fetched, it's possible II's can and do hold in investment vehicles to avoid their interests becoming notifiable