Hello Bill;
This is the most likely of all outcomes with regards to this whole situation. All parties will somehow be placated, in some degree or another, it would be the best for all parties concerned.
It has always been my thoughts that they would be some how joint ventured or PDG would be somehow persuaded to ante up to KRY, in the form of a buyout offer or whatever. But as time has gone by, it appears that PDG has been playing the hard ball route and I believe they have now boxed themselves into a corner....it may be too late for them to do anything??
In most cases, you would think they would strike out at this point, but I think they now know they have dropped the ball on this one, and they now realize that they may have a lot of answering to do to their respective shareholders.
How many times can a CEO keep dropping his balls all over the world before some shareholders decide to hang him up by them??
For the ones that know the list is quite extensive for PDG to have put themselves in the wrong places or situations time and again. Their overzealousness to try to catch up to and surpass ABX is well known in the mining circles, and this has led to many of their follies.
With time, their board will have to answer to their shareholders, and we all know the power of shareholders, when they are upset.....it's lynching time......nyuk nyuk!!
With regards,Frank |
