RE:RE:RE:Should I buy this.Frustrated with this drama play. All the information was on the table for more than 9 months. I do believe that everything is already set up, so why not announce it? To get cheap shares – there is no major selling, and all these massive bids with a 1/4 cent difference and never got filled? If the expectation is that this will go 3-5X current price, that spread will not make that much of a difference. The orders are constantly adjusted to keep the spread and not get filled.
I’m speculating now that P cancelled the CC as WPM is not willing to lower their stake and are playing a hardball. Threating to go bankrupt maybe if WPM does not agree on whatever deal is on the table.
I do not believe that P management care for existing shareholders. The extension, whatever the length is, may probably help them with paying the RCF, however, the company cannot proceed as it is not economically feasible. Reduction to the stream is necessary in order for anyone to look at SD or even P to continue to operate the mine.
Anyhow, I think they will announce some news after the market close on Thursday. Probably same gloom and doom and some extension so the drama can continue for a bit more.