72 hours, page-13

Agree, it looked like a write off but FY accounts out show $90m NTA excluding value of metals in ground and PGM prices well up since then so wonder whether an auction of assets would do better than a poor deal with JLP. It's been a monster mess up by PLA management and a poor merger would be more of same. I can't imagine instos are going to be happy and ready to vote for what management want, most in at average prices well above Acorn's 40c. I hope there is full disclosure of any fees/consulting/options etc that PLA management will get in merged entity.