well, this is moving slowly but at least in the right direction, Zijin have said have rejected the Australian article that said they wont offer higher than 10c saying they still could bid higher, good on our directors for getting that independent report that says our shares are worth between 15.5c and 24.5c, my gut feeling say we will eventually get 20c, which is a 50% split of the independent valuation range.
even 20c will be an absolute steal to the winner, they have over AUD$1.5Billion worth of gold for about $100million. gold now AUD$1625, I think the independent valuation is even higher than 24.5c to be honest at AUD$1625 gold.
PXG Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
