I phoned PMH last week. The coy is very understated.
My personal take is
1 The docs are with the ASIC
2 The timetable may be only 2 weeks behind schedule
3 An ann may come by 31.3
4 The Yerrington Nevada area has a potential res of over 30 bill llbs plus making it one of the largest Cu belts in Canada and USA.
5 The rationalization of this area has begun and Rio/ Ivanhoe will likely take control thru Entree
6 I cant see a reason for ASIC to reject the deal. Issues of National interst lie with the USA and they've already lost controlof the Yerrington res.
7 the merger will take 7 mths to complete from the Nov ann which is flushing out the short term investors
8 Im predicting the value of Entree shares and the cash recd will be double the curr price by July.
Waiken
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.