I disagree. I believe (pure speculation based on a couple of years of owning this stock) they are shopping themselves around the Canadian juniors and are looking for a replacement offer. That way, they can PR the new (better, even if by a penny) offer as replacing the previous one.
It would be similar to what CWRM just did. They sat on a deal (JV with Chinese steel mill) in the Philippeans for several months, not doing anything, then PR'd that they have a deal in Mexico, and by the way, the old Philippean deal is dead. Good news with bad.
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