Be careful what we wish for Yanlin. MIN will make a low ball offer. Why wouldn't they, if they in fact do. This isnt being negative on what we've got, its the reality. Why would they offer @ .75 -.80 at this point? Seriously?
I'm not having a go, I'm genuinely interested to hear other perspectives on this. This is still a buy for me, and im happily snapping up what i can at this stage.
If no one else counter bids, in this climate mgmt MAY recommend it to shareholders. I sincerely hope that another player comes out of the woodwork...Or the gold results are spectacular. Like the rest of us, I'd like to see this come to fruition, but in this current Li downturn, we can speculate all we want about where we think Spod $ will be in the future. The reality is its not at the top of its cycle. Potential sharks know this. They are calculating asset value on current circumstances. E.g. dirt in the ground, without infrastructure, without funding. Time is on thier side atm.
Of course, this is not withstanding a serious change in policy post 20/1/25, from the US.
GLTAH
WC8 Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
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