Per my earlier posts, I was expecting that we may be moving towards some competitive tension into whatever may occur. This report today is the clearest hint yet that some level of competition may be building:
"an attractive opportunity has advanced to the stage where, in the short term, a confidential and incomplete non-binding indicative offer could be finalised"
"Company is separately progressing due diligence and commercial discussions for a material business transaction, which could result in a nearer-term gold development asset, currently privately owned, being combined with Sunstone’s two large gold-copper assets"
"Additional parties continue to express interest in taking part in the process, with requests for confidentiality agreements."
" further site visits planned in the June Quarter"
Remains a watch and wait stock but also is looking more likely that whatever the outcome it should end up being fairly priced for the asset potential and current gold market.
STM Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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