another offer could be in yje wing, page-4

Another bid seems to be the only thing that will help PMN SP go up atm. Seems SUN will continue falling which will make the offer for PMN fall. I don't think there will be another bid so not confident in pmn. If SUN hits a floor of $20 the PMN bid = $7.03 - but the risk is SUN falling below $19. If this were to happen then maybe QBE or IAG could launch a t/o for PMN at a higher price - say $7.50 but this would take many weeks to play out.