GREY:ESOFD - Post by User
Post by
infocountson Aug 22, 2013 8:03am
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Post# 21688735
Sounds like a takeout offer could be close
Sounds like a takeout offer could be close<br />
Mining Markets has a good interview with Dev Randhawa, containing a lot of detail on what is happening at PLS. It includes this quote on the possibility of a takeover. His language is hypothetical but it sure sounds like something could be in the works now. Why the reference to a 55% premium? Could this be a signal?
DR: Honestly, I almost feel like it is too early to sell, but there are just too many rumours out there surrounding who is going to buy us, and I think that shows in our stock price. I'd like to keep drilling, but that's not a choice for me; it's a choice for our shareholders. If someone walks up to you and offers a 55% premium then you take that to the shareholders and let them decide. And I'd say in the market we're currently operating in, that's especially important.
For me, I'd love to keep drilling and hit a few more holes; I think it could double the return in the end. And there are a few juicy radon anomalies I really want to see results on.
Link to full interview:
https://www.miningmarkets.ca/news/fission-uranium-ceo-talks-pls-athabasca-and-rumours-of-another-takeover/1002544158/?ref=rss&ctid=1002544158