Jubilee down 11% last night after the ratio and deal with Macquarie was announced. Looks like the short term traders hoping for a significant lift on the finalisation of the deal between JBL/PLA have been stung. I'm guessing most were expecting a deal ratio of 3:1 or more!!
Not able to come by much but I have found a couple of recently dated articles regarding the merger;
http://www.bdlive.co.za/business/mining/2013/02/25/jubilee-platinum-upbeat-about-smokey-hills
http://www.miningweekly.com/article/jubilee-says-merger-implementation-deed-supporting-documents-completed-2013-02-25
http://www.proactiveinvestors.co.uk/companies/news/54065/jubilee-platinum-reveals-further-step-towards-pla-merger-shares-up-54065.html
http://www.proactiveinvestors.co.uk/companies/news/54085/jubilee-platinum-chief-says-pla-takeover-is-huge-opportunity-54085.html
I would be interested in hearing from anyone with copies of recent broker research (for instance Patersons, FinnCap or Shore Capital)? OR other press articles?
Would have expected some additional PR supporting info or presentation by the company?
It's all gone a bit quiet...
Thanks
Gus
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