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Primera Energy Resources Ltd V.PTT



TSXV:PTT - Post by User

Comment by CalifDreamingon Feb 12, 2011 12:08pm
320 Views
Post# 18122480

RE: RE: RE: Wow! up 38% Must be news coming

RE: RE: RE: Wow! up 38% Must be news comingPXT is a logical candidate to take out PTT.  But absent drill results, I doubt any sane PTT share holder would go for such a deal absent a really stunning premium.  What PXT share holder would be happy to pay a premium for PTT absent something to justify such a deal?  I doubt any would.  As such, a take out now seems very unlikely - PTT is able to fund their commitments, generates profits, and has a bit of cash - thus few incentives that would drive a deal before potential company making news is released.
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