re: Ann: PMI Announces Interim Order For Merg...
The finance writer from The West Australian covering the Indabi Talkfest has written that there are persistant rumours that not everyone involved in the company is happy with the merger proposal and that there is still time for a spoiler offer to emerge prior to the apporval meeting. He goes onto say "even without that, half the merged entity's proforma capitalisation will be cash, so there is plenty of room for growth on positive news flow" 12 month range 75c to $1.33.
Hopefully someone comes along with an improved offer!!!
PVM Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held