News: PZC Pan Asia Corp progresses sale of interest in TCM project, page-2

Deal is worth around AU$30M

Yet company worth $2M and just $10K in the bank

... if the market even slightly believed this tripe, there would be significantly less arbitrage. Trading at 6% deal value

Or perhaps is it because they have proposed to issue $200M of scrip as consideration for QLD coal assets, of which there are some non surprisingly related parties involved ? 10Bil shares to be issued, will only blow the register out 20 times !

Shareholders must love these deals