takeover bid?, page-20

This rise in the share price makes as much sense as the fall in the share price to around $1.80. The market sure values companies "correctly".

I think the share price is roughly where it should be in the absence of a takeover offer. Once the hedge ends and they have actually added another 100k ounces pa in production then add around another $1 to the share price. Perhaps a bit more if the POG goes higher.

loki