Ann: Share Purchase Plan Offer Document, page-43

If we assume price has been driven down in preparation for an eventual takeover then I think it’s fair to say that there is a window of time within which an optimal (most profitable) takeover offer would be made. Best time for it would be at some point during the construction phase when interest in the Company is at its lowest.
BUT..., that window gets smaller if the POG goes on a solid run as it very much looks like it may.
If you think about what has most strongly affected sentiment in Gold, it has definitely been the rampaging US Economy v rest of world and the ever stronger US Dollar.
We are at a great moment for Gold because the US Economy’s best days for growth are behind it. Unemployment at generational lows and interest rates rising and trade issues all mean growth in the US economy likely to be subdued going forward, meaning the US Dollar should turn over and POG benefit. If a trade deal is done with China the USD will likely depreciate relative to the Yuan, reversing the safe haven effects we have seen in this trade war. Even if interest rates continue to rise in the US that suggests very much that the US Economy is overheating despite all the talk of inflation being under control.
I believe we are very close to a significant break-out in the POG, maybe when we test and break $1250, and WAF is going to be pretty hard to ignore if POG keeps rising from here imo.
In any case, this is the time to be buying, when the share price has been kicked to the curb.