This is what happened a few months back with NVA (although NVA had a lot more oppies to convert). It capped the price as people sold heads to convert oppies etc. Once everything was completed, it rerated from 5c to mid 9s. Then on announcements broke 20c later. I'm hoping for a good re-rate once this is past. In the meantime, fill ya boots. Ag looking like it's going to explode. PMY well placed in the short, medium and long term IMO.
PMYO conversion, page-13
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