pigs, page-22

Hello boomeronrations - you are correct: "In reality, the real worth of the ords is zero."

Why then is the market price for PPX over 8 cps (although slipping)? Uninformed dreamers perhaps. The PPX price should drop significantly when the full realisation dawns.

The half-year numbers will no doubt show any NTA attributable to the PPX has drained away - and NTA is relevant as the PXUPA always end up as PPX unless independently bought out.

So, it appears from the AFR today that there is contention over value - of course - but it does not indicate what number would pass muster at a PXUPA vote. Has anyone got any idea what number 75% of PXUPA would accept?