RE: ridiculousCouldn't jave put it better myself - there is news out there that ANX is seriously undervalued. In part this is because of PC and in part because of San Gab.
There's been some broker led bidding up so that old customers can exercise their warrants before the exercise price rises from 15c to 20c, but in essence there is nothing but good news to come on this stock for the rest of this year.
Will ANX and NIS merge? I doubt it. I think ANX are harbouring a dream they can force NIS into being subsumed into ANX for a pittance, but it will be too difficult for them to manipulate events in order to create the perfect conditions for such a take-out. I suspect NIS will hang on long enough to thwart ANX ambitions - but you never know. If they pull it off NIS shareholders will get utterley shafted and ANX shareholders will get back a huge chunk of the dilution they have suffered in the last 15m.
Have a great weekend - our weather is superb so will be out losing with winter pounds.