takeover - NO... expansion, YEShi people
some info came my way recently. i've choosen to spend this last
week or so checking with third party sources. this is what i've
heard.
i first indicated to this board some 6 weeks or so ago, the strong
liklihood of pey's tse inclusion. it came to pass. i also
mentioned 'rumours' regarding kwk in calgary to see pey. i now
have an update FWIW
pey is likely to purchase rather than be purchased. kwk were
here as "consultant experts".
i have credible info that pey have been in discussions to
purchase assets that are to be spun off following a "U.S. major's
recent acquisition of canadian assets". these are not divilged
as yet. i also have credible info. that pey will do a equity offering
for this and that the substantial money raised will partly fund the
purchase and also go to reduce current debt. the recent price
surge and subsequent stabilisation at around 8.30 following the
run up to inclusion, gives further credance to this suggestion.
it was offered to me that pey management felt sundance was
now sufficiently "mature" so as to allow them the scope to finally
go to the market for funds. look for an equity offering soon to
raise the substantial funds required to expand. given d.g's own
150k share sales in august, i am now more confident of this
version of events to come rather than any other "rumour".
peace
topdop
ps: i've absolutly no idea what this will do for the candles....