In brief:
* PRV is a LIC
* Trading at 99.0c/$1.00
* NTA $1.13+
* Discount 14.0%
* Peter Morgan's 452 Capital is a 9.5% shareholder (he knows value)
* 172.0m options on issue with strike of $1.00 expiry 31/12/04.
* Will be a concerted effort to push price through $1.00
* Once overhang of options gone, stock to trade up to closer to NTA
* Low risk play
Merry Christmas
