Hussy
There is a hunch/goss the mngt of PIR do not have their heart in running a gold mine in Mali...much better doing some accounting and corporate stuff in the cap cities.
In terms of who is going to purchase..well all of the big boys are too busy working out impairment charges, and reducing all up cost of productions...
So it will be interesting to see what happens, but my bet is PIR will not become a miner in its won right, and no other buyer will come forward...
good luck
Well there's ~2 months left for a counter bid so we should still be hopeful. If there's under 1 month remaining and no counter bid, then it most probably is lights out for PIR and B2Gold get a present that is Fekola.
On another note, B2Gold released qtrly/semi-annual results and they read OK but it just goes to show the potential PIR has if it went alone.
B2Gold 2014 annual consolidated production guidance of 395,000 to 420,000 ounces, over 3 different mines, with a $2bMC, and an AISC that is around the same (just had a quick read of the report).
PIR looking at over 300koz/pa, producing from one mine, with similar AISC. $1.5bMC not out of the question and even if PIR went to 400m shares that would equals $3.75 or to put it another way if PIR went alone a SP north of $3 is highly likely.
*Sigh*
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