RE: Some Perspective It were interesting to see how the SP of Prodigy Gold reacted before the take over has been announced/offered. Similar to what happened to Woulfe ?
In my view - at least usually - in anticipation of a take over bid you see some positive movement in the SP. There is always an insider that knows a little bit more then other. At least this is my experience. A buyout just out of the blue in my view is rather impossible to be hidden completely.
Therefore looking at the SP I rather doubt that something is in pipeline. On the other hand I have to admit that from a tactical point of view it might make sense to disseminate some fear through the retail investors and to bring down the SP to a more favourable level to accumulate.
Or with other words, if I knew that there is a 50 cents offer in the room I might be interested to bring down the SP from 38 to 22 just to accumulate up to 30 to generate a bigger profit.
But this are rather theoretical assumptions.
Overall I have to admit that the idea of a possible take over popped up in my mind several times in the last 2 months or so. Somehow it could make sense for IMC to try to take over Sangdong as cheap as possible, keep the current management on board (sweeten the deal for Brian !) and I guess financing then were not an issue. The question is: What is the difference between a 90 % take off agreement (with probably fluctuating tungsten prices) or take over the company and produce your "own" tungsten ?
However....the SP does not reflect any of these thoughts. At the moment we do know just nothing besides the fact (or probabilty) that they (I mean IMC; Shinan, Woulfe) are in "negoatiatons". What ever this at the end of the day means.