Halba said:5.8 billion mkt cap?
Prospector said:So now PDN have a takeover bid for SMM! Seems SMM holders like it ( before the announcement, anyway - talk about insider tradinggiven its hardly moved recently) but PDN holders dont (again prior to the announcement!). As a holder of both, what should I be feeling then
From the PDN ann..
Summit is a Western Australian based exploration company with interests in uranium, copper, gold, phosphate and iron ore exploration projects in northwest Queensland. The most advanced project in Summits portfolio is the Valhalla uranium deposit situated near Mount Isa. The Valhalla deposit, together with Skal is part of the Isa Uranium Joint Venture Agreement ("IUJV"), of which Summit is manager and holder of a 50% interest. Paladin holds the other 50% interest in the IUJV.
It also tidies up the litigation between SMM and RSG. SMM were going to possibly have the right to acquire all the IUJV for 85% of it's market value. Now PDN will have it all.Kauri said:
Just tidying up loose ends???
Possibility. Will they be stretching their bank account? Might have to bed this down first.nizar said:WHat is every1s thoughts of PDN now taking over DYL sometime in the near future?
This will give them ownership or all the uranium on Valhalla and Mt. Isa region.
Maybe a good chance to enter DYL today with a tight stop, it hasnt traded at 40c for ages (this year).
Freeballinginawetsuit said:It bounced to $5.25 shortly after your post a month ago. Regardless of external issues.
The money made could have been put into Nickle/Zinc plays, they all subsequently ran in the following weeks.
You could have then bought PDN a few days back for $4.90 (it found support here) and punted on a break at some time in the near future.
Sure a bit of lucky news happened. Some news was bound to. Considering U at the moment and PDN clear objectives in the market and swallowing up the exploration plays, its quite obvious they are fast becoming a potential big boy!.
Halba said:Hi nuke. pdn will only take over companies with jorc resources. bmn does not have a jorc compliant resource (yet).
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