SMM must have some reasonable evidence of a breach of the JV to consider a high court challenge in the first place. They also have the opinions of 2 senior legal counsel that they have a strong case. And we won't hear of it until well after the offer closes...and the ALP decision.
Add to that the new JORC upgrade, which I believe from anecdotal evidence is going to be a monster, and time will soon tell that PDN's offer is woefully inadequate.
In fact with 100% of Mt Isa, the abandoned no-new-mines policy, a massive resource upgrade and new discoveries in their other quality tenements then its possible that PDN could become a target of SMM.
SMM must have some reasonable evidence of a breach of the JV to...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.123M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $381 | 127.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 18298666 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 540108 | 3 |
| Last trade - 13.06pm 27/11/2024 (20 minute delay) ? |
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