So I think we are agreed that takeover price at 18c which values company at approx $30 mill would NOT be acceptable to share holders as this does not reflect the value and imminent value of the deposits discovered thus far. There is no premium. If this is the price being discussed then mgmt should halt negotiations immediately.
In fact, if this were the take over price most think it would be better to reject the PDN offer and continue alone the business of delineating the resource discovered so far.
I expect mgmt will look for an independant experts assesment on the value of the deposits and world class tenements which they have.
Also a cash offer is preferred to a script offer (or a Cash and Script offer).
NGM Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
