JLP's sp has not doubled. When the initial announcement was made by Bird it went from 7.5p to 9p and fell back. The sp nudged up in line with the AIM to 10p. When there was a RNS regarding the HOA it peaked to where it currently is 12.5p. In the same period my SLP shares went from 9p to 17p. They are a platinum tailing operator, also in S.A.
imo, the market is still a little undecided about the deal and I expect a surge in the sp when the full terms are announced. I hope your guess at 7p will be a lot higher.
What I cannot get, surely if this deal is going ahead it will be in every shareholders interest for the sp to move north. At least PLA holders can start to recover their losses. Maybe even profit, which is highly likely now.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held