Until some iron ore company finally recognises that the easiest way to begin swallowing WPG is to call PTS and give them an offer for their shares/options.
Unfortunately for that iron ore company...they will have to pay up big time...because PTS have their own opinion about how much WPG is worth, and its far north of current SP (and they are in no hurry to sell...they dont need the money...the vast majority of their exploration is funded by their JV partners).
Of course, a SMART iron ore company would actually just take over PTS...not only does it get 12% of WPG...it gets the 45% interest in Eastern Iron that PTS will hold as well as the 20% interest in the Eastern Iron project (before the Chinese, Indians decide to stick their noses in)...plus a shytload of JVs which it can turn into a spinoff factory ofr their shareholders who will be so happy that management of that iron ore capompany can start writing their own signed blank payrise cheques!!! Duh!!!!!
Iron ore companies of Australia...are you listening to me?!?!?!?
Cdchi1
PTS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
