My view: Is PAN a TO target?, yes but not yet. IGO have around 21%: they have two options. 1. Go hostile? messy, dangerous, expensive and no guarantee of success. 2. SoA, a scheme needs Board approval and an Expert Valuation. There can be no valuation or bid until after the Full Year Results are published, along with PoN and outlook/guidance. In the run up to results the SP should firm considerably, Upon results: re-rated, Fair value: Hmmm PH at POS said the other day on the Marcus Today interview that his opinion was that PAN was undervalued 3 or 4 times. So current fair value should be in the $0.60-0.80 range, before considering a premium for control. I'll stick a stake in the ground and say $1.00? So accumulate on weakness. Disclosure: I currently hold 700k so plenty of skin in this game (all-be-it) considerably underwater. cheers xanax
PAN Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held