takeover, page-11

"one suspects the premium on the 22 cent share price won’t be substantial"

Often the average sp of the last 12 months is considered which in case of pem is not too high, if one is generous it woud be in the region of 27 to max. 30c

The timing for them is perfect. Pem reporting a loss but on the other hand it seems as the really managed to get the costs down againg which is still to be proven but the outlook much better than 6 months ago