Post by
trader53 on Aug 25, 2023 6:30pm
The Winsome deal!
This agreement IMO is nothing more than a back in agreement to takeover PWM. Don't think for a second that Winsome's intention is to give up these properties. All this property swap has done is given Winsome enough stock to cement when the time is right, the takeover. I don't expect we will see the takeover before PWM publishes an MRE. Remember Evans and Biggins have both said timely production is very important. My guess is once the MRE is released PWM will no longer exist. Lastly since Winsome owns 25% of the stock including the warrants no matter what price they pay they will be getting a great deal. It will also allow Winsome to pay PWM shareholders a fair price. Brineboys has provided us with some great information and there is a possibility that should PWM prove up 20,000,000 to 30,000,000 tons there could be a possibility that another Company steps up which would create a bidding war. My take is I am only focused on one thing right now and that is the success of the drill bit! One mans opinion.