GREY:PGDIF - Post by User
Post by
oiltaron Dec 12, 2016 7:11am
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Post# 25584153
We can now conclude a reasonable
We can now conclude a reasonableTarget for RIO is PGD
The RIO M&A story Friday said RIO had a draft in hand to buy DDC and another smaller project, but the draft never made it to the RIO CEO level.Now the RIO CEO does in fact state he wants more diamond projects.So it could be in the works for DDC to buy out PGD for paper then RIO vuys out DDC for RIO paper.
I remember I was a shareholder in Lundin backed Agrentina Gold.Barrick made a hostile bid for Argentina but it was rejected.Homestake made a white knight bid and won Argentina.The Barrick made a bid and bought Argentina.
So I have seen this kind of deal before.We do now know the "in bound Iinterest" now in DDC was RIO.But we did not know that RIO had another smaller target.We now can conclude the other RIO target might very well have been PGD.In fact RIO might go direct to PGD and by pass a DDC bid