Yes, all we can do is guess at this stage. I did read a post early on from someone who suggested that the stockbrokers Patersons who cover PLA thought shareholder should get a minimum of 1 JBL for 1.5 PLA. Can anyone confirm they have seen this research? I would expect these guys would be close to the players.
One would expect an independent valuer and independent chairman should look out for small shareholders.
At least with a few parties providing advice we should get a fair level of transparancy - an have a good handle on the intrinsic value of the companies to base our decisions on.
Here's hoping JBL management give a bit of ground as part of this extended process. A fair deal for all.
PGM prices are on our side (at last).
PLA Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
