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Correct. 1pg is heavily oversold. The SP will come back ~24c...

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Sunlight

26 Posts.

03/10/16

12:14

Post #: 19579490
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Originally posted by wubing ↑

check on the most recent appendix 3b on 5 Aug, the total shares including the 40M escrowed shares is 154M shares; cash as ann on 24 Aug is A$37.8m . And therefore the cash backing is A$0.245 per share. Even considering the options which need certain conditions to be executed. The cash backing is still ~24c.
cheers, wubing

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Correct.
1pg is heavily oversold. The SP will come back ~24c soon. But now, weak hands should be kicked out.

Last edited by Sunlight: 03/10/16

1PG Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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Correct. 1pg is heavily oversold. The SP will come back ~24c...

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