buffett

This is a time requiring a Buffett mind set.
Currently PMH needs to increase by 50% to reach Entrees bid

Why the discount
Fear that the price of Entree will collapse in the next 12 weeks before the deal is complete
Fear that the price of copper will collapse in that time
Fear that holding Entree shares on the TSX will be onerous
Fear of having a time horizon longer than a few days
Fear that because short term traders and nervous non top 40 holders are selling that they must know something

What would Warren Buffett do?
He would hold because he isnt afraid of equity markets and applies clinical cold analysis to each decision
He would say :

Another bidder is possible
Arbitrage players will enter as we get closer to deal day
Entree is an excellent company which will be absorbed into RIO and or Ivanhoe one day
We have a global recovery underway. It may be uneven but it is underway

If you are afraid of this stock you should get out of all your resource stocks. Look at the anns from PMH, NCU, Entree, Ivanhoe and RIO in the past month
They are all bullish and positive

I expect my PMH to be worth AUD0.50 in cash and shares in the next 3-6 months
Waiken