We need to watch L2 when/if the RM is announced. The rise in pps is somewhat dependant on the terms on the merger (also dependant on the the PR itself). If the terms are favorable and Carmil survives as a new entity and provides "meat" with new business and capital potentail, the L2 will show the story as the bids stack, and the ask thins.
Will be fun to watch. I for one will not be setting any sells until the dust settles.
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