That is a great post Joewolf , and sums up so many of my thoughts and issues facing PGC over the next few years .
My broker didn't attend but a friend of my husbands did and I think he said hello to you ??
I am of the opinion the SP is about 50 -75% % undervalued on the numbers they forecast .
I think a growing $17 m revenue and NPAT target this year justifies a market cap of at least $10 million ( 0.33c )
The market cap was actually higher than that ( more like $12m ) for almost 9 months prior to the 2nd half slow down in 11/12 smacked the company momentum .
I think you are right the fall in price from the 40c to the 20c level was probably as a result of not only the options and the large sellers like the National Noms seller , who still does have a few left to sell according to the register
I think it might be after the New year now before the stock moves up past the low 20s , after the half year does confirm real numbers not forecasts
My private email is [email protected] if you are happy for me to be included in the off hot copper chat with you and caketin
PGC Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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