phoenix valuation, page-16

Hi, not quite sure what you mean there... Pxgoa generally trading with a hefty time premium ( up to 10c at times) and I would think that will continue for 2 more years, if the shares hit 40 - 50c then they will come closer to value (ie share price minus 25c) Pxgo - will be volatile now. 3 months to go and they will closely track share price minus 20c. Might be some big swings for traders. I know I have played oppies in similar circumstances before, but can't say I will enjoy seeing it here! Would be good to see a solid and sustained rise in sp for the next couple of months and get the most ops converted as possible. :)