No exploitation permit yet, in Africa. No chance of a full takeover. Why risk their position at PRU. A company with a 4billion MC like you said. Those types of decisions, if they do not go to plan are corporate killers. They will wait for exploitation permit to go all in. That is if it is more than just a strategic investment which is what I suspect. Either way, a long awaited re rate is due for PDI in this record gold environment. Even before exploitation permit, with the amount of gold we have in the ground at record gold prices, we should already be sitting well above 60c imo.
PDI Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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