I might be wrong but wouldn't think a takeover would be imminent - ETG need to prove things up first. They are progressing this agenda and will improve SP wise as this happens. However, I don't see any trigger for a takeover. I think it is a combination of enthusiasm for the drilling, particularly where it is, and some catch up in the SP naturally given that copper has improved dramatically recently while ETG has not seen significant change in its SP. All the same, good times ahead, just wish the A$ would drop a bit.
PMH Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held