I'll say again bright you are very bright.....
They purchased a mine (previously purchased for approx 660 million) for something like 49 million.. Working mine etc etc...
Yes they will pay royalties but Shiraz ba loo....
They certainly have grabbed a bargain and this rerate really hasn't even started yet...
Why do those not in the know think that their is this massive aggressive accumulation going on with the very small free float that is left... Hello sailor... That's right..
This is still incredibly undervalued and those in the know know it and are trying to scoop up the rest of the free float for as little as possible but occasionally the traders get in their way...
The thing is their sell down didn't work as well this time because after some research more people understand the true value of this and aren't willing to let go of their shares for anything under their personal target price... To get these shares the accumulators are going to have to meet these prices or just miss out entirely when this rockets...
Some exciting re rating days ahead I'm afraid...
Good luck all
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