Grub.
Rather presumptuous comment, you think that they are that tickled pink that they will offer a buy out prior to the drills going down. Or from the modelling they already have a fair idea what is down there or they have a hole that has been drilled ? Anyway you could be correct but you may be incorrect either way.
maybe they are backing it in and think they can get it cheaper prior the drills going down.
This will be a show of strength from the shareholder as to what we buckle at. 10c a share x 3B shares = market Cap AUD $300,000.000. No not enough lets go US 0.15 cents x 3B= US$450M so close to US$0.5 billion deposit value. then we have Cerro Rayas over the fence looking as good.
I suppose it would beat the stock market to the punch and stop rampant SP rise if the JORC turn up massive.
Dreams are sweet!
GLTAA.
Ann: Exploration and Strategy Update, page-6
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