Yeah that's my understanding too Dellisa, 90% before it becomes compulsory takeover. Yes it does take guts for Damon to do that presentation, says a lot of his strong resilient character. Interesting to hear cost cutting is going to be implemented too and that they forsee their cash balance enough for the next phase of operations as I understand it.
I agree with the previous posts about Freeport knowing what they are doing. They would not throw millions on a drill without obtaining quality data for the next drill. 12 months will be here before we know it, and then its not going to be 5 cents per share (hopefully it will be announced sooner than 12 months). The market capitalisation should hopefully rerate nicely.
Lets just hope the global markets can hold up, until then I'm going to keep buying where I can at these cheap bargain prices and keep on averaging significantly down till the next positive news announcement.
Have a wonderful weekend all. GLTAH and PVD stakeholders![]()
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