There is no doubt PGI is looking pretty sick, but I will clutch at straws and try drag out some positives:
- a MC of A$4.2M (US$3M) gives zero to negative valve on any future projects (its equivalent to spare parts)
- Russian banks, Russian investors, and potential selling down on the Cuba Project to 25%, that was encouraging IMO, and the reference to ' if the project proceeds, or sold' does indicate PGI may not try to fully develop (sell it to the Russki's I say)
- Claim against the DR Govt, might be a long shot but at least PGI appear to be on the right side of the contractual obligations.
- Impairment is close to a worse case, but again seems likely one of the projects will utilise some components of the LL project.
- China projects, now looking close to a final decision, all China issues aside, the economics look good.
- Forums
- ASX - By Stock
- Ann: Unaudited Preliminary Final Report
There is no doubt PGI is looking pretty sick, but I will clutch...
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Mkt cap ! $5.845M |
Open | High | Low | Value | Volume |
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41 | 38269868 | 0.003 |
29 | 45903536 | 0.002 |
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0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.006 | 4619222 | 7 |
0.007 | 5784260 | 5 |
0.008 | 5535000 | 5 |
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