Hi Mx. I reckon it's really risky to sell OZL to buy PNA right now. PNA has had such a huge run up and seems fairly priced now, so the risk is you sell OZL just as the Treasurer's approval comes through, thereby giving up a potential 20% gain, by chasing PNA as it pulls back about 10% or so. The time to do the swap was a month or so ago?
Of course, the approval may not come through either.
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