I dont think this increase of 51c is fair to WSA holders. That is an increase of 160m in total cost. The value of WSA's holding in PAN has gone up 82m from the date before they made it public in August until the date before this offer was made (17c to 37c), and gone up 51m from the date before they made the offer in December until now.
So with that amount aside, how is WSA worth either 78m more from August, or worth 109m more from December considering the nickel prices?
WSA Price at posting:
$3.85 Sentiment: Hold Disclosure: Not Held
