I just hope that if there is a gentleman’s agreement between AVZ/Huayou/CATL about a TO after further drilling that appropriate financial consideration is given to this delay and AVZ get appropriately compensated.
Post commencement of drilling and if big strike depths continue to come through, if a TO price is anything less than 70c then shareholders will have been short changed. PLS SP has gone from 0.8’s to 1.2’s in the last couple of weeks without any TO and they have their shares to hold onto.
The fact that once our shares are taken over, that’s it and we don’t get to enjoy the profits of this deposit for years to come means a hefty premium should be paid. I personally think it should be at least over $1/share after drilling confirmation.
Running Commentary on the SP Movements., page-9538
-
- There are more pages in this discussion • 9,016 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)