talks with pem, page-53

brendan that is all just speculation, guess work and straight out b/s on your behalf, you had go at me about not giving any analysis, excactly what oriface did you pluck the 20 cents a pound cost saving from. What makes the new entity highly susceptable to a t/o, have you already worked out the structure of a merged share register ? How are you privy to the details of any pem/cbh merger to know that toho's holding will be reduced to 13 to 14%?
CBH up 20% after being hammered recently, just about puts it back to where it was before the last correction, so hardly anything to sing from the treetops about.