Don't forget their other little vehicle - GNI. Mortimer & Cooper have been buying at 3s - 3.5s in the last two weeks. Plus the 1 for 1 unlisted 10c options with the 3c rights makes it interesting.
With Mt Vetters about to drill in JV with PRW, my guess is they could backdoor Mt Vetters into GNI. Cheaper than IPO'ing it imo.
GNI Market cap - $1million
Bugger all shares on issue too.
Cheers,
The Sparkler