firsova, here is the post you made previousy re PPX and PXUPA...

firsova, here is the post you made previousy re PPX and PXUPA ratio:
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28m PXUPA at $9.00 = 25m current value on the hybrids

600m shares at .075c = $45m on the head stock

No wonder the PE firms were and I expect are still circling .
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On today's trading, we now have:

PXUPA @ $8.26 = $23.54m on the hybrids

PPX @ 6.7c = $40.82m on the head stock
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I think PXUPA is supposed to have some advantage to PPX, which the last takeover offer did not provide.

The new numbers are clearly lower than we had a month or so ago- and neither looks bullish -at all- but PE might be able to up/tweak any new offer- it would certainly look better because the share prices are so distressed.

That said, Simon Marais wants no low-ball takeover offer. However, it does seem PE would favour PXUPA holders, at least. Presuming any offer did not reduce, the last offer was $0.09 (PPX) and $21.86 (PXUPA). I hope they come back with another offer.