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12/06/14
11:33
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Originally posted by zinvestor
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Let's go back to fundamentals here...
Polo bought a stake at 38c, JG's notes are at 25c - the resource is valued extremely cheap compared to peers.
my three predictions are;
Negotiating a CR at a higher price from one or both parties above or a separate party altogether
or has turned into a takeover target
or the funder has gotten cold feet (I bloody hope not)
either way look forward to an announcement whenever it is.
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Hi Zin.
Unfortunately Polo did not buy at 38c as it first appeared, was actually 19c.
Can't see any reason why JG would convert notes at 25c when SP is at 20. He may be purchase more however to help fund the next phase of development.
Re: the delay, I would be surprised if it is good news as it's clearly a step away from their original plans.
Nothing any of us can do. Just have to sit back and cross fingers