Ironveld Takeover Rumours (IRON)

45 Million sold / changed hands this morning so lots of jiggery pokery no doubt taking place. At this juncture my worry would be that the SP is driven down to 0.10 area (under £4 Million mcap) and then we get some sort of complex funding deal announced (to satisfy takeover rules) which in reality dilutes us all at the 0.10 to 0.15 range and ends up with about 10 Billion share in issue which would see a 0.25 - 0.30 SP hit as the upper end / potential outright sale price, which would of course shaft all existing PI's but be sold to the market as a "major premium". I hope I'm wrong of course.....

Ladeside, That's a brave prediction, but as RS says wouldn't that run foul of takeover rules at 50%? Maybe debt or the sale of a share in some assets might be the solution... so the funders get x% in the mining rights for example.