PIR 0.00% $1.49 papillon resources limited

Wonder if a higher bidder will come in ?You'd think the majors...

  1. 1,890 Posts.
    Wonder if a higher bidder will come in ?

    You'd think the majors to the north would be easily be able to trump that offer. Doesn't make sense for them not to acquire Fekola, especially with this first bid being within the realm of "very low ball" imo.

    Shame POG is on the slide during all this. Perhaps holding and waiting for a higher offer is the way to go?? not sure.

    Andean resources knocked back a lot of offers before accepting a final bid. Can't see why PIR can't hold out longer or even go to production. ASX gold seems to be running scared at the moment. If PIR can't get a decent bid , doesn't say much about the other ASX developers out there with far lesser deposits...

    Still, been a great investment by any measure for those who took advantage of sub $1 prices not too long ago....
 
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