My apologies, plenty of people have been looking for / guessing reasons for the PNA surge and it sounded like that may have been another guess. Whilst it seems like a logical fit for the combined entity should they merge (I fully expect the deal to get up) I do wonder if there would be too much sovereign risk as far as having that much exposure to Laos. It's not a country known for its corporate governance. The one party socialist states aren't known for their predictability when it comes to foreign co's either (eg Venezuela), though outside of agriculture (in many cases subsistence), mining royalties would have to be its biggest earner. I would think that EQN may make a better copper play (with possible exposure to uranium) for a combined OXR/ZFX before PNA though. Something to ponder I guess. Note that I have exposure to PNA, OXR (and ZFX for that matter) so obviously I haven't taken too much notice of sovereign risk :)
PNA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
