Yes something fishy is going on here, I emailed JOn and he usually answers ALL my questions 100%, a few days ago he didn't answer my question at all and went off on answering my question talking about something totally unrelated, the cynic in me says PXG are doing a capital raising , which will obviously keep our stock price close to 10c for a few months you would think, so that Ziijin can launch a T/O bid and not have to pay too much premium.
pxg stuck around 10-11c Z will probably only end up paying 15c or so in a T/O, if pxg didn't do a capital raising and they let pxg soar to 20c, Z would have to offer at least 30c in any T/O.
Yep as usual its the big boys that make a killing and us small fry get taken for a ride.
- Forums
- ASX - By Stock
- PXG
- Ann: Trading Halt
Ann: Trading Halt, page-9
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)