The logic is that major selling pressure eases, thus pushing up the share price.. The simple law of supply and demand..
Gram are not limited to 25%, approval for the moment is for that amount.. Pna is not a company of National Interest, therefore FIRB approval would be a formality for any foreign company interested in PNA..
Pk is 10 yrs at the moment and extending that has already been approved by the board.. Plus, do not tell me that the growth assets/projects that PNA have would not be of interest to many of the medium size miners around the world that wish to grow..
I personally prefer PNA to any of the "other ASX listed miners"..
PNA Price at posting:
50.5¢ Sentiment: LT Buy Disclosure: Held