groins,
PRR traded on the ASX at 17 cents if not 17.5 cents I'm sure the next day, on the 30 for 1 basis, that's A$5.10 -5.25 which is less than the $4.50 Nasdaq close, but not that far away and 300% higher than the 5.4 cent close in AUS on the news. Which was really costly for me as I failed to buy the 250,000 shares I wanted just before the close, being greed, so over A$25K missed and yes I would have sold @17 cents the next day as I expected the Nasdaq price to drop back & banked the profit.
So on risk / reward I think its a no brainer, yes I might be wrong, but after the last time lesson truely learned I'd say.
LOTM
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