TSXV:PQE.H - Post by User
Post by
deepoil0808on Aug 09, 2022 10:12am
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Post# 34881287
Bidding War: Netoil / Cantone / Viston
Bidding War: Netoil / Cantone / VistonLooks like a bidding war is developping for control of PQE technology.
Given that PQE has signed an additional 2 licenses, making it 4 licenses in days, it does look like that NetOil came on their own and was not referred to by Viston.
This makes the playing field for PQE alot more interesting and it raises the risk for VISTON to act quickly.
If I were PQE, I would keep on signing licenses + royalty agreements around the world, which would force the hand of Viston to either close the deal or to have to pay more because stock price will rally past 74 cents with the signing of more deals.
The Netoil deal alone can bring us $ 225 million in yearly profits and, now we add Cantone.
I expect the signing of more license and royalty deals. It is what I would do and there is no condition imposed by Viston that PQE cannot sign deals.
I would not be surprised to see a NETOIL buyout offer presented.
My personal opinion,