OK they get the premium, and now if PDN is set to rally with the U sector, we would see mainly the leading companies, and those with jorc, and prospects of production run with the U comodity bull.
On top of the premium, they now get to travel with the PDN SP, where is PDN SP heading???? Well, IMO, sidelined fund money will V line for the producers and I think PDN back to 4 bucks is not out of the question.
So, the FSN SP goes from 24 to 36.5 to effectively 70+ c if pdn can go from 2 to 4 bucks.
Now ask, would FSN get to 70c without this??? Or would it be sidelined as a speccy, while the support in the sector focusses ont he leaders, PDN, BMN, DYL etc
Just a thought to balance the perspective.
cheers
FSN Price at posting:
23.0¢ Sentiment: Hold Disclosure: Not Held