RE: Possible reasons for 12% jump today@ bobby777
IMO we were impending a takeover bid from Rio Tinto and even NOT from PDN!
FSY is the perfect acquisition target for Rio!
PDNs target is actually Queensland and they have given a take over bid for Summit!
Except the Ressource Estimate Update (between 42 and 50 mio lb!) and the possible take over bid we are also waiting for:
- Spin off Namibian Res;
- Production decision (2,5 mio lb p.a.);
- start Drilling in the Joly Zone;
- Drilling results of Main and East Zone;