Nlinvest,
You appear quite naive. The market is saying the offer will not succeed. In which case IGO lets you have your shares back. And they drop. What to? 25 cents? 20 cents?
When you said:
“To put that into perspective, that is like waking up tomorrow and PAN’s SP rocketing to 0.48c Anyone with a brain would be accumulating as much of PAN as they can. “
you failed to acknowledge that very obvious downside risk.
OK I also am not happy with PANs performance (which I knew when I bought a few a few months ago) but I am not rushing to offer IGO an option on my shares. If they go unconditional, and I am going to get IGO shares promptly, and they look somewhere near 48 cents, then I will gladly accept their offer (and sell those IGO shares promptly).
You don’t understand us? Well I think I understand you, and believe that you have got it quite wrong.
EL
Nlinvest,You appear quite naive. The market is saying the offer...
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