I don't know the history of this but it may have been a smart move by Les Davis - get PRH to negotiate with GXY rather than SLR (higher capacity to pay). I assume it will be SLR money that pays for this? He's probably keen on the historical shallow workings, maybe sees it as prospective for high grade gold, along a fault and all that.
Roboshan - your analogy is good except the old owner's bank account is now owned by the new owner, so spending money on the pool is costing the new owner, not you. Assuming the merger/takeover goes ahead and all that. I guess they think its a done deal. They must feel they have the numbers and, God forbid, they maybe even think its a good deal for all PRH shareholders.
Not trying to wind you up or anything, just putting an alternative point of view out there.
PRH Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
