They sold 30 plus million GMD just above $2.00 it's now $3.74 that's 50 million dollars plus they missed out on chasing all these other companies.
They will need to get substantial returns so far nothing they have purchased has moved in a positive direction, MAT seems the most promising but at this stage it's looking unlikely. They need to raise the offer significantly to get it done and buy something that's advanced and near term producing.
Ann: PTN acquires substantial interest in Emmerson, page-9
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