RE: Re: £1 SP6 Dec 2020 07:13
Trade I think the chances of the Board recommending an offer in that region to the shareholders has diminished greatly. There are clues - the bedding down in the region forging research and educational relationships, the stated strategy of accomplishing a PFS (in the public domain since the equity raise) and now the option plan recently voted through. Unless they got an offer they can't refuse I don't think we'll hear about it because they would lose all those options which are based on operational targets rather than price targets. This I believe is now a mid-term play, bad news if you're here for a short term rise in the SP, fine if you're here to the end for the big prize. I do believe the market will move in anticipation of the PFS as the work streams continue to get pulled together so I certainly don't see it as a case of come back in 12-18 months.