I heard from a friend who contacted the company recently. He told me the delay is caused by regulatory requirement, the Canadian ones, I guess. The delay could be a couple of weeks or a month or two. The document is in ASIC already, need to be revised or so.
Well, the corporate governance is a problem for small companies. They are very keen to get your invest dollars, but won't care to inform you how it is spent.
Like mushrooms, feed you with zzzz, and keep you in the dark!
As you know, if deal is go ahead, PMH price will be up. I did similar arbitrage trade before when Mega Uranium taking over Hindmarsh Uranium many years ago. It is an easy 20-30% profit with little risk.
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