I would guess the share ratio has already been agreed. I am a JPL shareholder and post on the LSE site. Jubilee's sp has not surged on the merger news but reflects the recovery in the price of PGMs. If PLA investors feel they are getting left behind they can always purchase JLP shares. Both companies need this to happen, sooner the better so they can take full advantage of the expected deficit in supplies. Together they should have the lowest extraction costs in the sector which will benefit shareholders.
Really do feel sorry for those invested in PLA only to be put into Admin. Ironically, with the recover in price and change of sentiment, PLA could have brokered a finance deal themselves.
My guess that whilst we wait for the next RNS the directors are sorting out the 'pecking order' The sp ratio was probably agreed before the 15th Jan.. good luck guys
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
