The market is convinced nobody making a counter and bird in hand today is better than 2.9c in 4 months !
why ? Process was open and public and many companies had a look under the bonnet including Pybar - yet only one bidder.
Hindsight is wonderful - this company raised multi millions from 2007 and actually has not much to show for it ?
It's all there buried in past shabby releases from 2007-14 where mkt cap must have been close to a billion dollars if not more . This is not an over night debacle it's been one in the making for years.
Current shareholders need to wake up because of this fact (including me) - if proposal from Pybar fails the stock goes to 1c and others will jump on to the register to pick it up and try distribute cash to themselves -
It's clear nobody past / present / future is interested in accelerating the development of Dargues / Henty other than Pybar ! If price of 2.9c a dead give away why are bidders not lining up. If you are long in this stock at prices higher than 4c best strategy is to buy at sub 2.9 and vend into a successful Pybar deal to recoup some past spilt blood.
Even with a counter bidder nothing on planet earth including a much higher gold price is getting this stock above 4c now - horse has bolted and it's all downside risk as imminent dilution is likely if deal fails -
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