Amazing how the lawyers jumped on this before ANV made an annoucement.
Apparently it's not friendly. ANV Management put out this:
Concerns with China Gold Stone
-- Together with its advisors, Allied Nevada has not been able to find any
substantive published information on China Gold Stone and cannot
substantiate the credibility of the Proposal.
-- There is no public information available to indicate that China Gold
Stone has the financial resources to complete the proposed transaction.
Concerns with the Alleged Proposal
-- Contrary to the Announcement, No Tender Offer has Been Commenced.
-- Pursuant to US federal securities laws, a tender offer commences
upon the filing of a Schedule 14D-1 with the Securities and Exchange
Commission ("SEC") and no such filing has been made.
-- The Announcement indicates an expiry date of January 24, 2014, which is
contrary to U.S. and Canadian securities law.
-- The Proposal is non-binding, and does not provide any certainty or
commitment to proceed with a transaction.
-- The Proposal is subject to due diligence and is conditioned upon
execution of definitive agreements.