re: dynofish: here is why price is moving DF
Good call. I've held the belief for sometime that there is no takeover going on here. If that was the case, there'd be only 2 parties ... Heathgate and anyone else.
Heathgate already have 75% of what's there & as a foreign body operating here they're never going to annoy their JV partners or the Govt with T/O and the like. They'll still make more cash out of B4M then their own. Heathgate need to be seen as business partners not American command and conquer conglomerate. HG like and respect AGS, this is one big advantage that gets very little appreciation. Everyone will appreciate this shortly when the commercialisation to mine starts.
That leaves everyone else. 6 mths ago, who'd take this out for 50-100m based on a few drill results .. no-one. You can't buy it now even if you wanted to without Gandel. The resource is still being defined across ALL of the tenements so the current market cap of $300m is grossly undervalued. As with anything though, its time that is needed to complete the analysis.
This is the Aussie version of PDN ... and you only really get one or two Paladin's in a lifetime.
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