RE:RE:Update on DSV by C-TV! Next takeover target after R-EstimateManagement raised a war chest in funding last year. They need to drill out and spend most of that to get the resource as lucrative as possible. It would be a shame if this is taken out too early and millions are sitting in the kitty, because what was the point then in raising that much $$? Issuing more shares to drill is accretive, issuing shares just to sit on cash is dilutive and unproductive. That being said, DSV is aggressively developing Cordero, so I just hope that we can last long enough whereby we hit my $10+ USD buyout target.
They are cashed up for the next 2-3 years and I think this is the most appropriate timeline, from shareholders' perspective, for any buyout to occur.