Buyout or JV?With insiders holding 50%, no hostile bid is going to happen, or be successful, unless the price is fully valued, we won't know the real picture, or at least CH6's picture, until 2014. Dominion, IMO, wont chase a dream because they can't 'know' what is in the ground until the rest of us 'know'. That is the foundation of the markets. While there are many cases of info leakage in the markets, we all have to assume there wont be any 'insider' leaking at PGD, and I trust that there wont be as re*****tion of insiders here is excellent.
The rise in SP over the past month, IMO, is due to pure speculation of some good CH6 news coming in about 4 to 5 months, and or the expectation that DeBeers is going to pony up the 58 mill.
DeBeers has been on the ground, Dominion is not. Any 'plays' will happen after we get news. If, and I expect when, DeBeers becomes to the party fully dressed, Dominion's ears may pick up as there is more of a scent. Then those investors who are buying now, and even at double where we are now, may have reason to celebrate. Two or more aggressive players chasing sparklies in the ground is a great thing for us.
All just my humble opinion, never take investment advice from a public chat room.
MHR