I assume that the reason you are thinking of aligning yourself with PMM is a frustration with the stagnant share price and inertia of the GWR board. (Ironically, it was the same frustration that drove people to launch the FAS T/O attempt).
What I highly recommend you do before jumping into bed with PMM is to consider what it is that each party is looking to achieve and compare that to your own objectives.
The boards of FAS and GWR are made up of individuals who are hoping to strike it rich through a dramatic increase in the GWR share price (i.e. they don't have the capability or wherewithall to mine and ship iron ore....the S/P is their ticket to ride).
PMM, on the other hand, is a small part of a massive US company that simply wants to have iron ore prospects in Australia when its current ventures dry up. Its interest in GWR is to acquire its iron ore at a cheap price and sell it at a high price (in about 10 years time) for the benefit of Cleveland Cliff shareholders. PMM's hope is that, by that time, you will have sold your shares to them for a pifteenth of what they are worth.
Just my opinion.....I could be wrong.....maybe PMM are focusing on maximising return for existing GWR S/H.
GWR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
