afr today - paperlinx transparency absent, page-6

jackgreen, nothing surer, imo. I posted an article link in the PPX threads (can't find the link now) that said PPX and a few other companies- HST I think was one- needed to fund raise for 30% of their market cap. HST has done theirs, and PPX is priming for one, I reckon. If the SP has been rising, I can't see it as the market renewing interest in PPX- moreso that some broker/fund raiser is trying to boost the SP to be able to raise a higher level of funds. When the SP was 7c, it could only raise a certain amount in a rights issue, for example. Then again, a CR would probably be at a discount anyway,and they're going to have to make it attractive to get support: HST raised at 14c, and the SP even reached that- it's now at 10c. Maybe PPX will do a share consolidation, too. Whatever they do, they should get a wriggle on: there's a false economy in the SP right now, I reckon- it's certainly not a "recovery story"- it's a prelude to a raising, and the market knows it, which is why they sell quickly into the SP pumps.