interesting, page-14

Firsova

IMHO the $9 PXU sale shows weakness in the PPX price.

Apart from the lack of liquidity, there is also no apparent floor established for PPX where buying strength comes in.

Eg If you knew there were plenty of takers at say 4c (ie the floor) they could have converted and sold at 4c minimum rather than take $9 per PXU ie 3.6 c/PPX.

To me, Coastal at 19% can only be good for PXU holders as their track record eg Alinta and Billabong, would deem they are neither the "buy and hold" type or in it for a 10% return.

Expect strength in PXU as a result and potentially weakness in PPX.

Currently PXU only