If you look back to Spinifex, Eckhof´s last deal, most of the retail investors was out and the institutionals took the profit!
I expect an takeover of MTO in the 3rd quater of 2005!
the takeover price will depend on the shareprice.
If MTO´s shareprice will be .50 to this time, I expect an takeover price of .80. If the shareprice will be .80 the takeover price will maybe 1.20
The major question is: what is MTO able to do in the near future. The takeover of the new projects could boost MTO to 8 Mio oz within October!
MTO will be a giant explorer! The majors need new sources. They dont explore much in the recent years. the can not satisfy the demand. doesent matter if tis gold, copper or cobalt.
