Nice to see the stock trade higher today , but no where near as high as I would of expected
The Market cap at a 5 cent share price is just over $30 million.
Considering they generated $80 million positive cash on turnover of about 1,600 million (5% ) in the 2nd half , this $30 million market cap is amazingly low.
There is no need to pay interest on the notes or raise capital .
If PPX can reduce debt again in the next 12 months by the same levels as they did this year ( $40 million ) the share price should accelerate.
What this board has done with the train wreck left by the old board is simply amazing , I am sure Graham sitting with the boss upstairs would be smiling on the knowledge it was a lot of his hard work that got rid of the old board and management .
I bought some notes a few weeks back hoping they would re open the 250 for 1 offer on the release of the financials , maybe they will at the AGM?
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