1) Ninja gets us a nice TO (I'm leaning towards that right now probability wise)....40c perhaps...depends were the SP goes. If we get to 25-30c, we might be looking at the much ridiculed figure of 50c (kudos to the visionaries if this goes that way). Results in lots of very drunk happy people.
2) No TO and we JORC drill. SP would retrace IMO but would eventually climb back up as results start to pour in. Ultimately, this would likely result in an even higher TO offer.
Win/win for both scenarios for long term holders.
I do suspect no one wants to waste the time and money for option (2) + Langfords not so cryptic posts = hopeful of a near term generous TO inbound.
AVZ Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held