badeye123 Thanks. I too shall believe it when I see it. Fred1515...

badeye123

Thanks. I too shall believe it when I see it.

Fred1515 has just said that a listing of P1 at around 30c per share is what is anticipated.

I suppose some do anticipate this, but that leaves unexplained the recent offer by Centurion for all GoConnect (GCN) shares. Centurion is a major holder of P1 shares. So you would think Centurion had some idea of their value.

On 25 August, GCN told the ASX that Centurion had made a "binding off-market unconditional offer" for all GCN shares. They are offering one P1 share for every eight GCN shares.

Now on the day of the offer GCN's shareprice closed at 1.4 cents. So Centurion's approximate valuation of each P1 share was:

8 x 1.4 = 11.2 cents per P1 share..

Clearly Centurion did not anticipate that P1 would list at 30 cents, otherwise why would they have made a binding and unconditional offer to throw away 18.8 cents!