Sincerely hope "for sale" sign/ spruiking that's been widely reported, doesn't come back to bite us.
My own thinking was in time PIR would get to 10Moz and $1bn+ (remember AND?) TO wouldn't be too far from the mark i.e. $3 ps.
Now I realise that 100% premium doesn't look good to the acquiror's SHs, but the upside here is enormous whether PIR stays independent or B2Gold or anyone else takes them out. All in cash costs are amongst lowest and quality of Fekola obvious.
Still believe once the details known if its ~$2-2.20 as speculated, a counterbid will appear.
Very interesting few weeks ahead of us.
Timbogold
PIR Price at posting:
$1.43 Sentiment: Hold Disclosure: Held
