Interesting thoughts Galloper - it does indeed looks like a catch-22 for PDG.
If the deal does go through, keep an eye on stocks like LHG and NCM as institutions seek a new "home" for their gold weighted investments in Aussie stocks.
They are a dwindling breed, ironically at a time when gold is looking more and more positive.
I have recently taken a position in LHG for precisely this reason.
I still like AOR, whether or not the takeover goes ahead.
Cheers
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