PMH 0.00% 26.0¢ pacmag metals limited

I phoned PMH last week. The coy is very understated. My personal...

  1. 434 Posts.
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    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
 
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