Far East Gold (ASX:FEG) has reaffirmed its recommendation that shareholders reject Xingye Gold's takeover offer following the release of its Supplementary Target's Statement and a second review by independent expert Lonergan Edwards.

The independent expert, LEA, has reconfirmed that the Offer is neither fair nor reasonable and sees no reason to change its valuation of Far East Gold.

- LEA's assessed value is unchanged at A$0.324 to A$0.444 per share (mid-point A$0.385, being 38.5 cents).

- The Offer currently remains A$0.13 per share. The Conditional Offer price of A$0.15 per share is conditional — payable only if Xingye reaches more than 50% by 21 July 2026 and declares the Offer unconditional. 

Far East Gold Managing Director & CEO Shane Menere joins Lel Smits from The Stock Network to discuss the latest developments in the takeover process, respond to Xingye's criticisms, and outline why the Board believes shareholders should retain exposure to the company's growth strategy.

• ⚒️ Independent expert reaffirms the Board's position

• 🪓 Responding to Xingye's criticisms

• 🔍 Looking beyond the takeover

• 🛘 Fair value for shareholders

• 🌏 Xingye's broader corporate strategy

• ⛏️ Final message to shareholders