"If we do get estimates, i anticipate we will be at 25 year high (upward of 2.8 cents), by the end of the week)" Pretty sure we touch 27c with East Africa. However, that was with a lot less SOI, i think around 2B but don't quote me. I believe PCL is heading for its highest MC in the next few months.
"In the last 12months, according to CommSec, around 37% of shares on issue (8.34billion) have changed hands (3.4billion). Meanginful??" These can be the same shares being sold and resold - churn. It does not mean that they are different shares in every trade. I suspect the majority of the shares sold are people day trading and short-term trading and just recycling the same parcels of shares.
Looking forward to the next few days - I don't see how PCL are not on board. I think that is a 99.999% certainly and always has been. Simply good corporate governance for them not to jump before they had all the information they wanted. Also looking forward to the resource estimates and if PCL are in with a bit over two months to go on the option agreement, I expect we will all be smiling.
PCL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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