re: Ann: A$27 Million Takeover Offer by Palad...
NGM has more price upside potential in the short to mid term than PDN. PDN is a long term play. NGM price could easily quadruple from 15c in the next 3-6 months PDN likely will not.
If fact it will be lucky to double in next 12 months. As for still owning the Niger tenements as a PDN holder ... yes but massively diluted 1:100 of what we have now.
No... more upside on its own I'm afraid... Flick the Low ball offer. PDN needs to cough up a realistic price which has some premium or move on.
It seems today we have picked up some hitchhikers this morning who will ride along waiting and until the real offer is made. This happens with most takovers are announced.
I predict they will be extremely lucky to make a 50% uptake on this current offer maybe 25% only is my guess.
NGM Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
