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9year low..., page-28

  1. 8horse
    34,336 Posts.
    lightbulb Created with Sketch. 9076
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    29/03/13
    21:52
    Post #: 11604201
    Confirmation of receiving $20m from NovaQuest from CFO David is strengthening my confidence, I will buy more next Tuesday.

    NovaQuest won't invest $40m without due diligence. At current level, might become a takeover target as market cap is $100m; cash on hand $64m + $20m from NovaQuest - $11m budget for march quarter + further $20m from NovaQuest = $93m, close to cash backing.

    Thanks David for prompt reply. Hope you don't mind I post your email.
    Enjoy Easter!
    PXS Price at posting: 33.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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