"At these prices it could start looking very attractive as a low ball takeover to the likes of Mt Gibson Iron..wouldnt you think? "
If someone wanted to make a play on the company they would have bought the J.P Morgan parcel off market and no-one would have known as its under 5%
Its pretty obvious that JP Morgan have to sell them on market as there is no large buyer . A take over is going to be almost impossible by anyone other than WEG or SS & T if they get their mits back on the 20% .
PLV Price at posting:
14.0¢ Sentiment: Hold Disclosure: Not Held