I really hope he isn’t buying up chunks of the register at this point with a view to acquiring us any time soon. Makes sense for FMG/FFI but not for us. At this point the multiple offered would be a fraction of what the share price here will be once the current scoping study is complete, the Total Eren JV relationship is presumably formalised, and we gear towards actual development. If a bigger player had taken out Vulcan early days while still in the cents, it wouldn’t be an $8 stock for retail shareholders like us right now. PRL is destined for greatness too if it plays its cards right.
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