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
PMH Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held