Who ever takes out PDN would not get the same dream run that PDN has had in holding the DYL s/p down.
You would see John Borshoff moving to managing DYL and both him, present management and major s/hs would do everything posible to drive DYL s/p to the highest levels possible.
This would be the better outcome for everyone.
If PDN were to take out DYL and do it at low s/p [ we would be deprived of a reasonable and fair price] then I would expect PDN would fall immediately to Areva or Cameco. This is the only reason why PDN has not been taken out at $3 so far; the big boys would want both together and the huge tenament holdings of both combined.
So IMO don't wish for PDN acquiring DYL on the cheap , DYL s/h's would miss out and then both will be swallowed up and gone.
With PDN gone , DYL will run , someone might own 19% of DYL, but the remaining top 20 s/hs can block any further take-over if its not in DYL's best interest; hence it will be in DYL's interest to promote, progress and drive our s/p as high as we can; which is not the case now as its being baby sat by present management for PDN. Cheers
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