I would anticipate sooner than later for RIO to buy in at lower premium before the SP rolls
That may all be correct. With regard to the price of a takeover, however, the consent of the other shareholders must also be obtained; Sprott alone owns the current (diluted) approx. 10% of the shares of SVM and I cannot imagine that the remaining/required shareholders will agree to a dumping price. Especially not when all the permits and requirements are issued by Malawi and positive PFS.Everything under 1.60 AUD price for a takeover is for me personally unimaginable & acceptable!
SVM Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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