Perhaps to diversify... BOE might want a project in a different jurisdiction, to mitigate jurisdictional related risks. That's likely to make them more appealing to utilities...
I'm both a BOE and PEN holder, and I wouldn't object to a T/O if they offer a combination of cash and stock. If it's a cash-only offer, it would need to be way above the current MC....
Perhaps to diversify... BOE might want a project in a different...
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