I think where PIGs have possibly erred is in claiming an "independent" valuation as based on other posts it appears Waterstone may have PXUPAs. This should have been declared.
None the less, I have read the report and (by memory) thought it made a reasonable attempt at establishing some values based on known data and IMHO provides a far better insight to values than the Responsible Entity.
The PPX 5.8c is simply a result of the maths.They may be worth well in excess of this based on potential earnings, but such speculation was not considered in the report.
Believe we should be encouraging the undertaking and publication of any future analysis on PPX and PXUPA
Believe PPX has the potential for significant upside if the ship even looks like turning around.
I have held PPX but currently only PXUPA.
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