RE: Hypothesis26 Mar 2022 11:06
Hi add
Agree with much of your speculation. For once we know where we stand with regards to timingā¦.. 96 days remaining until the end of Q2 and highly likely to be much sooner.
If BHP do decide to wait until PFS and see how the market reacts then move, one must assume we have some potential bid defences in place.
With no drilling results for months and an mre2 due on Porvenir at any time these are two possibilities.
Also (and maybe most vitally) from a value point of view I still expect a third party (or two) to emerge from the shadows before too long .
Finally the best possible defence from a low ball offer would be for the PFS to be as robust and impressive as possibleā¦.. this is indeed what I expect, and will hopefully make the mining industry do more than just sit up and take notice.
I guess weāll find out soon enough