I take your point about not knowing what is happening inside either GSJBW or PNA exactly....
BUT, I have substantiated my view with references to their press releases and, I will divulge, my experience at the birth and death of such debt agreements. This is a time like no other inside investment banks - take a look at No. 1 Martin Place today.
So when you say, "hey she will be right mate" I would love to know on what basis you rest that claim?
And if I don't know what is happening inside, how do you or how do you know that I don't know? Are you in the inside? And no, you don't have to answer that last one.
PNA Price at posting:
11.4¢ Sentiment: LT Buy Disclosure: Held