PGY 12.0% 2.2¢ pilot energy limited

PGY have released this on their website this morning. It looks...

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    PGY have released this on their website this morning. It looks like Samsung C&T are taking up 20% of their project. The last stipulation suggests that they will have to pay PGY around $66M in cash for the 20%.

    Also worth noting the $330M valuation from this transaction. Enormous deal for the sector especially partnering with Samsung C&T and not to mention off-take or clean ammonia which have strong margins

    You can work the share price out on that valuation above
 
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