This is 1 of my theories on PPX.
I looked at the major holders on PPX lets take Orbis for instance.Orbis already hold over 18% of PPX and they probably don't want to buy any more.Their average price is close to 50c and they are down roughly on their investment by $42 million.So if they want to show their performance of their funds they would like to see that they are not down by so much so to speak.This is pure speculation on my part but in some ways it makes a lot of sense if you are in Orbis's shoes or another institution on PPX? DYOR
Add to My Watchlist
What is My Watchlist?