Hopefully todays' sellers have got it wrong.
Provisio will have to come up with a bullet proof DCF valuation in order to negotiate project financing and so we will all finally know the real market value of Watershed.
Perhaps the valuation will turn out OK and help the SP due to the tungsten shortage and dropping AUD.
Obviously management have their fingers crossed on a SP accretive valuation which will allow a capital raising which doesn't burn us.
Provisio is an extremely apt name as there are a lot of perhaps but perhaps we are in for happier times ???
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Hopefully todays' sellers have got it wrong. Provisio will have...
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