PSC 0.00% 11.0¢ prospect resources limited

This takeover news has put a complete different spin on what I...

  1. 1,350 Posts.
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    This takeover news has put a complete different spin on what I though could have been the reason for the accumulation and steepish uptrend in the last few months.

    Couple of ideas/conspiracies

    - According to the latest investor presentation top 20 hold circa 48.8%. Could the delays from Siniomine be due to potential related parties accumulating on the hush to have a significant say/or a say altogether in the event negotiations start to begin and it ultimately leads to a proxy.

    - Top 20 holder or related party accumulating large amounts of stock to acquire a higher stake to force the hand of Sinimone to pay a higher premium if it gets to that stage. This party could also have a complete different strategy with the aim of taking this to production where I think max gains are to be had.!

    Who knows! Anybody have a different take on what could aspire?

    Was shocked when psc opened at .044 cents the other day. I had offloaded my holding the day after we made our most recent high.. absolutely over the moon to have bought back in at a significantly less price.

    Price action looking good. Resistance at .052 with .055 the next.

    Cheers
 
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11.0¢
Change
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Mkt cap ! $52.65M
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5 337743 11.0¢
 

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Last trade - 16.12pm 31/07/2024 (20 minute delay) ?
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