canadian companies on the acquisition path

Here is an excellent example of how overseas companies see value.

PMH is the best value takeover play in the market at the moment.

The value of this offer which directors are welcoming...
is heading closer to 40c AUD versus the $0.33c AUD when the offer was made.

Not only that, it mainly scrip, which means there is a real possibility for this offer to be worth more to Australian investors in the next few weeks.

I cant believe why there are sellers below 30c, they clearly havent done the maths....

The acquirer is logical given their US position but a counter offer cannot be ruled out....

Clearly this looks like a good play for the next few weeks especially with rising metals prices, a gold price which looks like it has bottomed and an AUD which had weakened against the CAD.

My estimate is that we may see a price in the mid 30's within 1 month...

regards

Ducksoup