PRH
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0.00% 0.5¢ phillips river mining limited

merger agreement terminated

  1. loki01
    11,114 Posts.
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    12/03/12
    08:49
    Post #: 9823617
    New announcement - see

    http://www.asx.com.au/asxpdf/20120312/pdf/424yh2q4w8d2k9.pdf

    It looks to me as if PRH's Chinese friends want to drive the company into liquidation in the hope they can buy the assets on the cheap.

    Good luck PRH holders. This looks like the end.

    Those who bought PRH (and I was tempted) to get some cheap SLR shares, will find out how the market deals with them very soon. Ouch.

    loki (Your friendly SLR visitor and well wisher)
    PRH Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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