I get the feeling that CC is keen to "move on" into other targets on the massive stavely area/leases that they hold.
The X factor for me is that property purchase out of left field,,,not done to pacify current landowners but something more strategic
IF and
IF there was to be takeover/buyout then the figure would be have to be north of $2 per share given that we have mineralisation yet to be included in the upcoming MRE .
There was an interview with SJ possibly back in 2018 when CC was asked for what he thought a buyout figure would look like ..as a CEO he said that he would not be allowed to put a number on the stock as that would breach many ASX rules but he did say it would likely have a 2 in it somewhere...I am sure he was not thinking .20c or $1.20
Feels like we have run a marathon here ( oh that's right we have ) but we are still on a journey not a destination...most likely scenario once MRE and Scoping study out offer's will come...whether or not they are taken up probably depends on next few set of drill results from Toora West...
Plus there is always that...
DYOR
(20min delay)