It's pretty well a given Tremont is going to look to take this thing over....probably before the ink has dried on the offtake/financing agreements.
It is worrying that holders appear to be going to sedately accept a decent sounding offer. I hope I have got this part wrong!
Panda Hill is a cracking project which promises to deliver some cracking dividends (and a cracking SP!) as production ramps up and, looking at their documentation and presentations, production seems to have been the Board's intention all along. I hope they stay that course. I mean, how could you recommend a takeover in preference to staying for the long game when you look at that "free cash flow"?
Would have to be a flattering t/o offer to drag us away from that wouldn't it?
Reality Check people......, page-8
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