Ann: THICK HIGH-GRADE DRILL HITS CONTINUE AT SOUTHERN NIGHTS, page-22

Always pays to see what your largest sh is saying.
From yesterday's SBM presentation:
$357m in cash, no debt.
And, "positioned for inorganic growth"
As usual Vassie was dour and brief, but I've learnt over the years it's what he doesn't talk a lot about that sneaks up quickly.
Who needs who more? Of all their "investments" only Peel is slapping the big ore loads on the table. This will become very interesting,  esp if a second suitor were to emerge.  In light of the inevitable I would be surprised if Peel would be in a hurry to table any PFS.