Hello Goldexplorer,
so you think PDZ will be taken over with an amount of triple current mcap?
You could be right, but i think management isnt so short viewed with our two tier 1 projects.
At current hard coking coal prices they can make 1 BILLION! AUD per year more than 20 years for us.
Payback of capex is 1 year at current numbers!
Dont forget, we have China Coal and CD capital as partners.
I would never throw my company away to JSW for a silly 250 mln AUD!
A joint venture would be fair.
JSW pays the capex and PDZ shareholders would earn a 25% royality year per year as a dividend...;-)
Our management is very smart and experienced.
They wont let them and us be ripped for a 2.5 bagger silly offer.
If there will be something like my wishful thinking style, is announced, share price could be at 2 AUD plus dividend.
This would be fair.
Makes me wonder how "under the radar flying" this company is!
Under 1 million shares a day tradings should be over now.
Happy to be invested with a nice chunk.
Good luck to all long term holders.
Mikro
