I've consulted my crystal ball and predict that the Chinese will put in a takeover offer within 3-6 months at around 80c-$1. They will do their independent testing, re-confirm the quality of the product, and want to get it on the cheap so will move quickly. The mining licence will already be in place, so we'll already be in the 50-60c range. They'll add on a premium to make it attractive for shareholders, knowing that the true medium-long term value is well north of $1. I'm unclear as to whether they will play any games to try to get it cheaper. Hoping not.
Disclaimer: My crystal ball has been wrong many times in the past. Do not take my crystal ball gazing as investment advice etc etc. I still think I'm right.
MVL Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
