re: Ann: PMI Announces Interim Order For Merg... Cheers Evens. Uncertainty yes, but breaking beneath the mid term low just does not compute. Our resource just keeps getting better. No one batted an eyelid at the last 2 announcements even though they were great.
Yes, a mistake by the board if they did not seek the views of major shareholders.
I notice Macquarie is amongst them, they could solve that by lending us 200m.
Regardless, this price is ridiculous for PMI on its own. If the merger fails, our market cap will be tiny with most of it in cash as well.
Holding firm for the moment.
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