Could be something in this.
Chariot Resources Limited (CHD-T) announced to the TSX on 22nd Feb that a third party was looking at purchasing all CHD shares.
A DFS was completed by CHD in June 2009 for a 60tpa production mine(s) in Peru.
Shares currently trading at .059 CAD so a premium to 0.75 would equate to approx $300million AUD to purchase (based roughly on 350 million shares at 0.75CAD converted with exchange rate of 1 AUD to 0.95CAD).
Is this within PNA's budget?
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