Ann: PGC-CH2 Merger Presentation, page-18

40% lift in one day suggests either:

1. the company was severely undervalued prior or the announcement.

2. the owners of PGC did a very astute deal by merging with CH2 and doubled their value as a result

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3. market got a bit excited and may have overpaid.

personally I was very happy as snapped up a decent parcel prior to the results announcement and sold out today. I could regret selling too early but the rise seems unsustainable as other than synergies and cost savings not a huge amount has changed for the 40% lift.

very tight margins on CH2 - they could go up and that would be huge but they could also go down which would be a huge flop.

profit take for me for now and will continue to watch what unfolds .

well done to all holders who stood fast during the crazy sell down 6 months ago!