RE:RE:The next Detour?If a takeout is in the works or TLG is going to simultaneously announce the sources and terms of a fully-financed operation along with the releases the FS, then I don't see a need to attend PDAC.
That said, if it's a takeout, I suspect the premium to the current share price would be 40 - 50% at most, (0.78 - 0.84) which would be a nice big, quick gain for those who bought in the 0.30's and 0.40's in recent months, but the expectations of a share price of 1.00 or more would be out the window.
If a fully funded project with details such as the means of financing, the parties involved (including any joint venture partner), and the terms of those agreements is announced in conjunction with the FS (which would be highly unusual), the market will make the judgement on the entirety of the information and the share price will move accordingly in the following days / weeks. Then it's a matter of monitoring the various contracts to be signed to actually build the mining operation and seeing if there's a need for the company to seek additional financing over and above that which they laid out along with the progress of the permitting, especially at the Federal level. If a JV deal with a producer is part of the package, it's less likely additional financing will be needed as that company will also likelly lend its expertise in building mines through to first pour.