It’s now a tricky situation to be in.
As mentioned above a new partner is likely to see PXX as the dumped girlfriend.
- what did Lundin not like?
- why would they spend big bucks and only get visibility of a few cores?
- when did they officially pass on 2020?
A new partner is likely to negotiate better terms.
- does PXX offer more than what Lundin’s currently hold?
- unlikely they can ask the new suitor to pay 8c as Lundin did
- would Lundin do a block sale of their holding?
I hope Management are thinking of contingencies for all scenario’s.
- would Lundin sell on market?
- is a TO their grand plan?
- will a new suitor be happy with Lundin still on the register?
Unfortunately retail are not the ones able to control the share price.
Ann: Update on Strategic Partnership, page-16
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2992776 | 5 |
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