Zhongjin have been very astute in their timing with their initial investment and now this possible takeover. At $200m I don't believe the other shareholders are going to receive fair value. It will be interesting to see the response from the board and the major shareholders as although the first six months of 2013 was difficult for miners and Perilya the signs are there that things have turned in this second half of the year with recovery in Europe and America and the $A helping earnings. The China story is far from over, Zhongjin will be keen to get hold of the rest of Perilya before the company value is reflected properly in the share price. That's my opinion, I'll be interested to read other opinions.
PEM Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
