Don't worry too much. It is an all scrip offer so the amount of B2Gold shares holders of PIR will receive is fixed. If anything, some short-term downwards movement is good for holders because the takeover will be a CGT event and incur Australian CGT since PIR will delist from the ASX and we will all receive B2G shares listed in Toronto. So, if the PIR closing price on the last day of trade after the takeover is down, the CGT liability is also lessened. Less tax payable is good for all. May the upswing be after we have the B2G shares!
PIR Price at posting:
$1.53 Sentiment: Hold Disclosure: Held
