From what i gather, Now that Macquarie have negotiated strongly for their 14.75% of Jubilee which was also beneficial for shareholders PLA shareholders getting 30% of Jubilee, the shoe is now on the other foot with Macquarie negotiating finance for Jubilee which means the more Jubilee screw PLA shareholders the less risk Macquarie take on.
From what I gather PLA shareholders have just been negotiated down from 30% to 16.75% of Jubilee over night.
It's like someone beating you till your almost gone and leaving, than a some what friendly person comes to help you up only for them to beat you down when the time is right.
I think PLA holders should now vote against this deal and risk getting nothing, it better than getting 2 cents per share. I'm not comfortable Macquarie and an English company screwing me like this.
PLA Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
