PMH 0.00% 26.0¢ pacmag metals limited

HiPThe curr val of the bid is very low. Entree may get 10-20...

  1. 434 Posts.
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    HiP
    The curr val of the bid is very low. Entree may get 10-20 bill pounds of Cu from PMH if Blue Hills delivers
    Yerrington is in play. Entree has conrtrol of BroncoCreek and Honey Badger and is 6 weeks away from PMH voting on the merger
    Capstone controls Nevada Copper and is a possible bidder for PMH. It has a larger cap than Entree.
    Entrees price is working against it at the moment. I see Entree as a great LT buy.
    But takeover activity is often resolved by short term investment horizons.
    I believe a second bidder would need to be above 0.50 with at least 0.25 of cash
    Im a top 20 shareholder and havent been approached.
    The directors are unable to approach under the merger provisions

    Citicorp Nominees and Flexiplan have accumulated nearly 4 mill shares this year which is interesting. You can approach the registy for a top 40 shareholding

    There is a large seller at 0.31. It is self defeating to expose a 650K sell like this. It looks like a capping move.

    Todays multiple small trades indicate program trading
    Waiken
 
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