As for the 40%, would you pay the new list price? If people have this sort of coin they aint stupid, they will throw idiot offers on the table and St. George will be telling PBD to sign them away.
Can you honestly trust an outfit like this that did not see the WA property bubble coming?
Pt. Grey is a dog, sell it now and give the money back to shareholders.
Pep
PBD Price at posting:
10.7¢ Sentiment: None Disclosure: Held