takeover target, page-8

I agree Hussy, I hope other parties stay well away from any takeover attempts and PIR eventually move on to establishing a mine. However, I doubt that will happen as it's such an attractive project. I think the only way we will be able to keep it is if the bid)s) are seen by shareholders that they don't have enough premium in them and holders are willing to wait for a production price rerate.

The question is, should an interested party move in soon with an attempt, or perhaps wait another year? The longer they wait, with current drilling showing very good results, what size would the resource grow to and what would they have to offer to get it?

PIR currently have 5.15 million ounces, so what size could it be 12 months down the track?

Recent price rises in the stock are making me think something might be in the wind. Only a gut feeling though. With so much bot control for a long time it does seem strange that it's broken out, especially over 1.20 in the passed week. Maybe the rise is due to gold sentiment, again, we can only speculate.

As I mentioned in my other post, this wont be sold on the cheap to an interested party, so perhaps an early bid might not be such a bad thing as it should move the price up a fair degree.

I get the feeling it will be an interesting 2014 for PIR, short and long term.

Cheers.