I am don't think that MMU would be the target, as they are already interlinked and it would be a fallback position for most of the board in the event of SGR being scooped up.
WEL is always open to deals (at least thats the line from their communications) and they are an exploration company only with no plans on getting to production.
So if they are going to buyout anyone, its going to have to be somewhere else not in the Rice Lake area, IMO.
If the price never gets to 2.50 in the near term, and they have, OMG, production problems, then a PP would be needed and that could very well be in the mix if these shorts are an indication, or at least that is how i am seeing this.
Does anyone else have a reason for so many shorts in 1-1/2 months?