"............. ..so, plenty of time (in theory) to convert the options and then be included in said takeover........." Howdy LTS. There are rules and regulations and there is the free market so lets assume for a minute anything can happen. Suggest your best insurance is to watch the company insiders - directors, managers, contractors etc. who have oppis, then do what they do ! Can you for 1 minute imagine this group dealing themselves out of utilizing their oppis.
Close today of 17.5 encouraging. Would have been understandable for the price to drift a little lower while we await further news. Suggest the immediate challenge is for management (front and back of office) to manage the game so that the tension keeps the price at least where it is or a point or two higher until news arrives. Opinion only but happy for it not to run up too far at the moment for fear the upside gets baked in too early. As previously stated a MC of $100 mil surely has to be the starting line so we still have some room to move. GLTAH
PAA Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
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