"Force = war = good night PIR." - So I guess that's it then for...

"Force = war = good night PIR." - So I guess that's it then for PIR? At least I can claim a tax loss on the company going belly up.

I have been seeing the same stuff BLB and have swayed to the same conclusion as you. Even though there is a seller for every buyer and all the other 100 cliches, it has been 'distributing' in small time pockets throughout the trading day.

IMO a T/O won't occur until more is known about what exactly PIR are sitting on. PIR have only started to test outside the known areas/Fekola corridor and who knows what will occur if they start going deeper. PIR have stated that "Mineralisation remains open at depth and along strike". PIR also has the areas of 'untested strike'. The only downside is that the wet season is basically here and that will give a break of a few months. The good thing is that results should still be coming out before then as holes drilled before the MRE have not been included in MRE.

A lot of unknowns at the moment, and especially in these times of uncertainty, it would take a very brave company to offer a T/O offer at a price that reflects "good value" in these times. The other thing for potential acquirers would be to wait for the scoping study due by end of year 2012. With all that and more IMO I can't see a T/O happen this year, if that was to happen.

If this was the bull times who knows where PIR SP would be.