Yep I have been in this situation before, what I experienced was the main company runs up first, then once it finds a new stable valuation, the other company holding a big % moves up to join it over a few days of gains.
It's great for us the higher LEL goes the more SRK you can buy at a low risk and if it stays high by this time next week SRK will have moved to join it, but if LEL retreats it's fine SRK will hold it's ground because it's didn't immediately chase it.
It's a great spot to be in.
Ann: Commencement of Production at Paulsens and Loan Draw Down, page-15
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