yeah, thats a bargain. The shareholders are angry about the PDN offer, because its to cheap. (23,9 NGM-shares for 1 PDN-share) PDN needs 90% of shareholder agreement. But they wont. I wouldnt do that too. So DB is building a blocking stake to kill the cheap takeover from PDN. So PDN has to make a better offer. Thats great, its really a nice simple bargain. Dont know why no one is checking this... Even under the current circumstances the deal is worth more than 16c, if all shareholders would agree. Good luck all. Thumb up!
NGM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
