From a short term perspective, i'd be careful. Any gains that...

From a short term perspective, i'd be careful. Any gains that might be made over the next 4 months in share price through positive news could be undone by the 1st half results upon release in February, which will scare some people who don't really understand the business.

1st half EPS could be as low as 2.5c, and even though PCG management have warned the market about this numerous times, there's still some people who will hit the panic button when the results come out.

My approach in regard to PCG is that i'm going to wait until 1st half results come out next year, but i don't really care what EPS they report; i'll be interested to see how all the major projects PCG is relying on from 2008-2012 are progressing. If the picture is intact, and no further delays to major projects are revealed in the 1/2 yearly, i suspect PCG would be very good buying at price levels similar to current levels (e.g. 60c).