Fact :
PMA ceo sells 2m shares for approx. $5m cash
Theory :
Anyone with $5m cash can acquire 20% or more of GPN.
Question posed :
What would an acquirer be more interested in ; the gold or the Vanadium deposit and other assets in YRR ?
Recent releases from GLN and MEI has one wondering whether the rerating of GPN is more to do with the pure gold play rather than UV assets ?
Current GPN directors will retain their directorships (and salaries ) should they become the new directors of YRR, and the pure gold play may infact be the jewel in the crown that current hunters have in their sights. As the punters sell down GPN post entitlement date the hunters will mop up and retain the asset they really want. It's just a theory and sometimes the reasons you think a stock is going up (ie. scrip in demand) may be different to the acquirers true intentions.
GPN
greater pacific gold limited
