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5,738 Posts.
417
24/12/10
16:20
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Dargie,
"That isn't someone just popping into the market to pick up a few shares. That is someone mopping up a large parcel of shares for sale."
So what?
I also wanna top up at 13 or 14c.
Oil price $91.5 now.
PPP's interest income alone, is already sufficient enough to pay 1c div per share.
Next quarterly report, you will see PPP's cash backing increased to 17.5c/share. (at least 6m net profits from the oil sale and interest income)
I suggest PPP invest in coal or iron ore projects in 2010.
Any investment announcement by PPP in 2011, can boost the SP into 30c range, no doubt! have a look at MOD mate.
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