Hello Mixed Bag. Though we don't hold Primero we have a beneficial interest in the outcome of the NRW buyout. I made the same point regarding the Credit Suisse holding in a post on the NRW forum week before last. Interestingly there have been no updated ASX Form 604's from either CS or NRW since which indicates to me selling on market or into the buyout has dried up. Despite NRW insisting no increase in the offer, I do suspect CS is spoiling for that 10% blocking. Also suspect others still holding (with nothing to lose really) are watching and waiting from the sidelines. Thus the absence of more 604's since the CS release. A look into market sale volumes of PGX since then would be instructive. Cheers
PGX Price at posting:
57.0¢ Sentiment: None Disclosure: Not Held
