re: Ann: PMI Announces Interim Order For Merg...
Thanks for the reply Topcall.
I looked at PMI's website because with the split CDI, the market cap isn't obvious. It says there are 275m shares on issue, so I did the maths and it came to 184.
Our management has been superb, and yes it seems the merger is in doubt, however Macquarie are part of the shareholders that will make it fail if it does. Why then would they be pushing the price down?
If the best thing for PMI's shareholders is for the merger to fail, then why wouldn't we go up on that news?
The shareprice suggests that the merger failure is a bad thing, so then why do the largest shareholders not think so????
It defies all logic.
Meanwhile Keegan is holding???? when they've got a long wait for production if at all unless the merger goes through
I voted no by the way.
I don't feel any better, but thanks anyway :-(
Brokers have recos on us for 1.50+.
If I don't commit hari-kiri first, I'm going to buy more.
PVM Price at posting:
65.5¢ Sentiment: Buy Disclosure: Held
