I concur, this stinks and I would expect the independent report to highlight this is a very opportunistic offer. I would love DYL to come in with an offer for all shares not own by PDN and get a seat on the board. Again existing shareholders are getting shafted at the bottom of the cycle which is clearly moving to the upside over the next few years.
Ann: PDN: Recommended Takeover Offer of Summit Resources, page-3
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