Having only vaguely followed the IGO takeover of WSA and with Morgan’s new figures (taken with a grain of salt), if PAN was to run to a tick over a buck a share then WSA’s 20% PAN holding would equate to roughly 50% of IGO’s takeover bid.
Seems like a nice investment for IGO share holders.
Can understand why IGO powers would want to delay PANs run, alternatively that some WSA holders would like the opposite.
I haven’t looked into his deeply.
PAN Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held