Checking in....The end game for current investors is not the upcoming PEA but either a buy out or actual production. Given market behavior of late for both PM's, PGM's and Juniors, I'm leaning toward little to no reaction by the market with respect to the PEA. Should there be some positive price action, a simple review of posts here reveal that many are sitting in the wings to sell into the run. Afterall, what other catalysts exist post the PEA? I want to say some drilling results but to date, there has been no official word as to drilling activities being undertaken. As such, there appears to be growing frustration that the stock price of WG will lanquish at these levels forever. Adding insult to injury, institutions wanting to get involved most likely have concluded that the best way to do so is to participate in the next PP. One is, afterall, inevitable.
Good!
In the world of so called "dot connecting", I think it a no brainer that sometime between now and 2016, WG will be bought out. When that happens, those sitting on the sidelines will be left out there in the cold. Hey, maybe a buy out offer right after those options expire so as to leave Mr. Lee out there in the cold!
Stillwater Mining (SWC).
IMO, Mr. McMullen (President and CEO) would be chastised as an idiot by analysts for not making a move on Wellgreen. WG, afterall, is in their back yard.
SWC has been tightening operations where and if actions speak louder than words, they look to be acquisition minded. The Marathon PGM-Copper project has been scaled back (lack of economics) and the Altar Porhyry Copper-Gold Deposit in the San Juan province of Argentina isn't going anywhere. In addition, Argentina just defaulted on some loans. With the exception of organic growth via current operations, SWC is sitting there with a higher stock price, $500M in cash/investments and NO other property in the pipeline. IMO, an acquisition of Wellgreen by Stillwater is just too good to pass up. Armed with a higher stock price, SWC can buy WG via a stock/equity offering and use the cash/investments on hand to further advance and eventually place WG into production.
SWC shareholders benifit via limited dilution for a world class deposit and are rewarded with future growth prospects when WG is placed into production. WG shareholders are reward with a nice pop in their shares and continued participation with PGM's via SWC and of course, the WG deposit. Years down the road, the WG deposit once placed into production might even enable SWC to start paying a dividend.
To close, a google search reveals that Stillwater and Wellgreen are oftentimes mentioned time and time again next to one another via articles on PGM's. IMO, that's more revealing than just some "dot connecting".