There is always a run up in price before an announcement in PAC. Agree that the cat is out of the bag and $11.50 is a very good level to de-risk at.
The skeptical alternative is that River Capital, Perpetual and Regal are due to charge their FUM fees. This increases money they charge their investors.
PAC Price at posting:
$11.08 Sentiment: Buy Disclosure: Held
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