Hi Folks Be optimistic! There are two ways of looking at PAN's future: 1 No takeover bid from IGO and the SP rises up well past the 52 week high, once this 'recession panic' subsides ; or 2 IGO makes a bid-which will fail unless it is priced realistically (*) as a huge chunk of the 79% IGO does not already own will not accept -such as Zeta and Ausbil..... and us!
I hope there is no bid but have to accept it will come sometime
(*) realistically has at least a 3 or 4 in front of it- certainly not a 1 0r 2 !!
PAN Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held