hi guys,
trading halt request imo holds the key. i quote
"pending an announcement by the Company in relation to Initial Resource at its Admmiral Bay Project in WA".
my tip is its going to be a good ann and they are probably trying to drum up some interest and get this SP heading north once again.
as for takeover, not this time but rest assured when the timing is right management will make the moves. imo thats still a long way off, look at their track record with other companies, they extract premiums. SP would want to get back up closer to $8 before they even consider it imo. And if i was to be honest i'd even think they'd ride out this market for a couple of years.
best of luck
Davo
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