September 2018 - State of PSD, page-15

well I think that's exactly right darnsmall (love the handle!) - all the research, the planning, the approvals to date, major project status, Legune lease (almost) and general momentum are definitely worth a price. As long as the bankable feasibility study is both bankable and feasible, its entirely plausible that a larger player with better funding base might come sniffing around and lob an offer. This may well be attractive even to the biggest shareholders if the only way they can finance it otherwise involves massive dilution. I know Trahar is a rich lister, but he currently owns 32% = $65mill worth of shares. A 1:1 capital raise might be a bit much for him to handle, same with the others, all options would be on the table. Reality is though that the board have the numbers to make all decisions without having to ask the rest of the shareholders, so if you don't like what the board is doing (Stash??) you should definitely get out now while you are in the black.