Psi wrote "Good to read that there are parties doing site visits and DD for Little Eva. I am hopeful of a result here."
I don't think there is any hope that an offer will eventuate from these site visits. Any offer under $100m would be considered low ball. Management are sitting on a lot of cash, are well paid, and are prepared to wait.
The Turkey Creek discovery is looking bigger than expected and will substantially improve the projects economics. RC drilling tends to understate chalcocite mineralization grades so results may be better than currently indicated.
My expectation is a take over bid when AOH becomes ex dividend, which appears will be about 9-8c. A take over offer of 20c, which will be over a 100% premium to the then market price, will value Roseby aprox at about $50mil.
AOH Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held