You raise an interesting point about dilution. I suppose short term after merger completion we are at the mercy of mm's and other pi's trying to put a value on the business. After all, for a short period of time, the new group will have more shares and still not be producing anything. I think (IMO) jubilee will suspend shares on LSE and JSE and arrange for the new group with name change to replace them on the market on the same day as introduction on to ASX. What the MM's place jubilee back on at is anybody's guess. However, on aim before the merger ratios were known, PI's were certainly willing to pay 12p so would hope for the same again (even with more shares). Expect to see a lot of resistance here, as this is break even for a lot of PI's. However, I feel true re-rate will only begin on release of production figures. All looking good IMO.
Eyeguy
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Held
