PBD 0.00% 0.0¢ pbd developments limited

a patient liquidation ?, page-7

  1. 590 Posts.
    Quite right, the Dec covenant has been satisfied. Legal action by PBD will ensure that remaining covenants are met, apartments can be resold at a large discount and defaulting buyers have to pay the difference.

    There have been some very large purchases of between 1m and 3m shares over the past week, very interesting.

    Feb- March 2011 will be very interesting once WAPC gives the final approval to Point Grey. This approval could see the value of Point Grey rise from $100m to upwards of $250m IMO.

    Very glag Gidgegannup no longer held- the WA EPA has just approved a new Boral quarry in the town- poor landowners.

    To all disgruntled investors and those with nothing better to do than winge, I wish you a very merry christmas although im sure you will be bitter and lonely in front of the telly.
 
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