Hi Bigstar,
Interesting thing about the MAC commentary, is that it almost reads as if it was written months ago, as far as I can tell, it is based on data a couple of months old.
No mention of capital raising , debt/equity based on "proforma Dec 08".
Find out tomorrow, I suppose, if they quietly replace the commentary, with one a couple of months younger.
Maybe they thought it was worth 42c a couple of months ago, but forgot to press the send button.
Or am I being a tad harsh?
cheers
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macquarie has price target for pna: $0.42, page-6
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