RE:Interesting first 16 minutes......HollingerB,
Thanks for the link. A few comments follow.
- At 11:36: According what Kaiser heard from the streets, PRB was the one behind the proposal currently on the table for all shares swap (value approximately $0.12-0.13/s for AZX). Or, 1 PRB share for 10 AZX shares (If they consolidated the AZX shares before the swap then it would be 1 for 1 swap, noting that the 1 for 10 AZX share conversion has been approved at the last AGM).
Surprise, surprise.
Also, note that the offer was made prior to the updated RE. So it all depends on what number we have for this updated RE.
- At 15:15: Funny that Kaiser mentioned QMX, the elephant in the room, which has an enormous land package (and a 100% Mill), which may be an attractive target, along with PRB, AZX, for a consolidator (AEM?, or G since G currently has 14% PRB).
I did not hear Kaiser saying anything about PRB has 9.1% of QMX.
Stay tuned.
GH
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