The Saturday West Australian said that PCh is undergoing an investors roadshow in the east and will be asking the investors if they did the right thing in rejecting the bid. If they receive enough negativity they may reconsider their decision.
They believe that CAPE have been sniffing around to get the "buy on market" condition dropped and believe that CAPE are still interested in the company.
They said that CAPE have continually come to the table with a lower bid than expected so therefore they may still be prepared to pay more.
Time will tell.. Or maybe some news on their tenders are due... But what a great day considering the markets at the moment.
Cheers.
Geoff.
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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