Crap - the simple fact is that Australian investors do not value huge low grade porphry's. Mick Clifford is a very good straight operator and I for 1 am voting for the deal. Yes PMH may have theoretically been worth more - but what chance raising the money down here? (north of $1b). Now have exposure to huge funded new copper/gold province plus CAD market - its a good (if not great) deal and I will be unhesitating endorsing it. Will be worth lots more this way!
Fail to vote for it at your peril.
PMH Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
