DVP Technical Analysis, page-4362

"The Company also confirms that it has recently received unsolicited approaches relating to a potential control transaction for Bellevue."
Vultures are circling, this company is definitely worth a sniff.I think the stock will open around 68c and remain under the pump until they can deliver the June ounces and complete their "Strategic Review".

If BGL is taken over by another gold company, then the $200M contract is gone. DVP buying BGL is preventing the contract revenue from going to somebody else. Sometimes you have to go on the offense in order to defend. It takes the same amount of time to work on the contract, so might as well own the mine.
The gold is there. They need better mining schedule. More grade control drilling. BGL being single-asset is very risky. With WL cashflow mid-year, DVP is well poised to bring another revenue stream to the combined group. Multi-commodity works in the current market - just look at EVN soaring with Gold and Copper.

There is could be some impetuous to get the DVP up quickly if a deal is to be done. They still have the 20% WL sell down. That could light a fire under the SP.If they can push through a zero-premium merger with BGL, DVP could be a $7 stock next year.

Perhaps DVP and OMF could join forces and put together a package that is mutually beneficial for all stakeholders. OMF buys out the Bank debt and takes milestone payments in DVP stock / cash over 3 years. BGL shareholders get some of DVP. Renegotiate hedge book based on more realistic guidance. Bank gets to recover their investment and write-off partial loss. DVP takes over the mine, make a stack of dough, SP goes up, happy days.