The Chairman's Report from Jubilee states ... 'The Platinum Australia merger has not been concluded but the Company is optimistic that the scheme of arrangement will be completed by year end ...'
Assuming Jubilee is still operating as a going concern in December, I envisage PLA holders will be getting 1 Jubilee share for every 15,000 PLA. Following the trend in the Jubilee share price, that would equate to about 1 pence.
I say stick it up your R's Jubilee and Macquarie.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Held
