Just bought back in to PGL post the AGM Announcement.
Have known this company very well since 2000.
It would seem Progen's days are numbered with a return to shareholders coming up unless there is a better M&A deal coming up??
We need to bear in mind that there will need to be quite a deduction from the $75M odd cash holding to cover wind up costs. It would be nice however if they could get a few $$$$ for the Lab out at Darra which in todays $$$$ would cost well over $10M to build. Plus there is their current IP on compounds including PI-88 for what its worth.
Interesting times.
so whats the plan here
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.46M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 44.0¢ | $53.59K | 121.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 402845 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 97049 | 5 |
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| Last trade - 11.46am 03/07/2024 (20 minute delay) ? |
| PGL (ASX) Chart |