Blues I am with CDR on this one.Driving down the PPX SP is...

Blues

I am with CDR on this one.

Driving down the PPX SP is unlikely to convince shareholders to accept 3c or anything like it unless the company is close to collapse. While the company is alive, the potential value of its assets will determine what they might accept. The likes of Orbis are unlikely to accept 3c except in dire circumstances. That is why this talk of getting PPX holders to accept less so PXU holders would get more is unlikely to eventuate.

I for one bought PPX recently on a bet that it will turn around. I also expect that some PXU holders did likewise for the same reason.

Given the current situation what do others think is the best bet at current SPs - PPX or PXU? Or are both dead ducks?