to add - given the amount of overseas crossings and investments in the past etc there is an obvious overseas interest from countries where they are still sleeping when we are trading. I wouldn't be suprised if the international investors/fund managers/institutions hit this thing tomorrow (given theyre probably just reading todays news).
Simple maths says:
Market Cap $278 mil
JORC Resources of only a PORTION of the ground $1.92 BILLION.
How hard would it be for a company to launch a takeover to get say 60million shares up to $6.00 given it traded 1.4mil and up 20 cents and still be valued at a cheap $650million. Attention BHP, RIO and FMG - who wants to add $1.92 billion+ to their portfolio for a cheap $650mil.
I bet there are alot of M&A boys checking bank statements and doing some seriously late hours tonight.
This thing is going to smoke!
relentless, page-2
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