Folks,
The 2.5 million break fee, that PSV would have to pay if it received a better offer, is really chicken-feed.
With the POG at such highs and the weakness of the US$ encouraging thoughts of US$800+ an ounce, PSV's great assets should, given more time, attract a far better offer.
That's why I'd rather put more money into the company - as long as the defeatist "no-vision" quitter Mr Quinn isn't Chairman - than sell it right now.
I hope that shareholders give it the thumbs down, but the raider has probably been gorging on the market....which could explain the enormous orders at .19, not just the Rivkin recommendation.
(Sir) Lunchalot
Scoffer Extraordinaire
PSV
perseverance corporation limited
