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Yep, what you state is broadly correct. That is why I'm...

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    Yep, what you state is broadly correct. That is why I'm suspicious about what looks to me as SP capping. Add to that the change with Tremont now taking the lead on negotiating offtakes, then it makes me even more suspicious. Topping it off is the departure of GD with his sell out of shares and then the tea leaves start forming a picture to read.

    It all depends on whether one believes in reading the tea leaves, as the saying goes. A DFS normally de-risks a project significantly and also adds intrinsic value. Offtakes further de-risk the project and add more intrinsic value.

    So, when I put on my sherlock holmes cap it leads me to the deduction that if a take over is being considered by Tremont then it is not likely to be far away.

    Them there are big IFs though. Regardless, these anecdotal factors are curious, are they not?

    Cheers
    Last edited by mainholm: 19/11/15
 
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