Hello Everyone,
PPX You have to remember the recent Announcement is 'Unaudited' and therefore may well not be taking in the consideration of the High Aussie Dollar effect on PPX . I've traded in PPX before and have noticed consistant warnings about a Higher Aussie Dollar on results and therefore sold out of PPX as the Interest Rates were Clicked up which in turn sent the Aussie Dollar Higher. With the Share Price having been hovering around the $1.50 to $1.60 I think some pressure MAY have come on the Management to make Yesterday's Announcement ahead of the August Report. Seems fairly priced around the present level of approx. $1.90.
No responsibility taken for any losses in association with this Posting.
Regards,
moly
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