PMH 0.00% 26.0¢ pacmag metals limited

Hi Sourgal, I am still waiting for my cheques so the...

  1. 342 Posts.
    Hi Sourgal, I am still waiting for my cheques so the anticipation is still there. You should overcome your disappointment though when you get certificates for Entree shares which you will hold at the rate of 1 for every 9.823 shares you held in PMH. This is in addition to the cash. The Entree shares were trading at $2.04 Canadian on 16 June, the day of the takeover (which is the cash value calculation day and I will probably use as the valuation day for the buy into Entree) which values the whole deal at a bit over 28c Australian (including the cash). If you look up www.tsx.com and type in ETG you will see that the company has not added the 15M shares it is issuing to PMH holders, to its registry yet although there is an announcement there that tells you that they are doing this as we write.
 
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