IMHO Agree that any material change in price needs to be supported with volume or not worth worrying about.
Re valuation. If PPX was wound up would not expect any $$ (or at best minimal $ for PXUPA) after the "real" numbers are tabled and vultures have completed the winding up.
IMHO only 3 options:
1 Profit improves so we move ahead. 2 Continue as is ultimately resulting in wind up, or 3 Taken over /merger - Even if PPX paid out with share transfer with PXUPA perhaps minimum cash and some shares. At current PPX/PXUPA prices + a sweetenner, would have thought this would work.
Would have thought someone is doing some numbers on option 3 - as surely there would be significant cost reductions in merger/takeover (eg o/head, marketing, sales staff, inventories, products etc) that would lead to lower o/all cost/tonne sold ....and after all we are looking at a commodity - so the lowest cost provider is best positioned.
PXUPA only atm
SRS Price at posting:
6.8¢ Sentiment: None Disclosure: Held
