Another bid seems to be the only thing that will help PMN SP go...

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.