HiP
The curr val of the bid is very low. Entree may get 10-20 bill pounds of Cu from PMH if Blue Hills delivers
Yerrington is in play. Entree has conrtrol of BroncoCreek and Honey Badger and is 6 weeks away from PMH voting on the merger
Capstone controls Nevada Copper and is a possible bidder for PMH. It has a larger cap than Entree.
Entrees price is working against it at the moment. I see Entree as a great LT buy.
But takeover activity is often resolved by short term investment horizons.
I believe a second bidder would need to be above 0.50 with at least 0.25 of cash
Im a top 20 shareholder and havent been approached.
The directors are unable to approach under the merger provisions
Citicorp Nominees and Flexiplan have accumulated nearly 4 mill shares this year which is interesting. You can approach the registy for a top 40 shareholding
There is a large seller at 0.31. It is self defeating to expose a 650K sell like this. It looks like a capping move.
Todays multiple small trades indicate program trading
Waiken
- Forums
- ASX - By Stock
- PMH
- update on the deal
update on the deal, page-8
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)