I am not sure anyone can fill you in properly on the Bullseye Mining (BM) Story. BM has gone very quiet and no real updates to its website.
From what I remember, the main shareholder (Chinese) objected to the fact that BM was effectively being sold to the father of one of the Directors who was the company geologist. BM argued it wasn't a related party transaction (!!) and that shareholders didn't need an independent expert to review the proposal. It was all approved by an independent Board Committee that included the daughter. Quite bizarre and frightening lack of governance. The Chinese made submissions to the Takeover Panel and won with the Panel making a declaration of unacceptable circumstances against the non-Chinese BM directors. Since then RDG entered into the deal - which is mind boggling to me. Not surprisingly BM still hasn't held its AGM (due in November), hasn't released its June 2018 financial statements and hasn't released the results of its last drilling programme from 2017! I reckon that RDG shareholders should be worried about their management getting involved in something that looks pretty dodgy.
