Hmmmm a month and a bit ago (early-mid January) when copper was at similar levels to today, Entree made it to CAD$3.50 and PMH to AUD$0.28
If Entree were to get back to that sort of level, we'd be looking at a valuation around AUD$0.43 (depending on the CAD/AUD).
When some paperwork starts to go through, and people realise that this deal is probably going to happen, hopefully the arbitrage players will jump in and we can start to see PMH move closer to the value of the deal...
Not too long now!
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.