Pattisons are a National Stockbroking firm. Not sure of their size in the scheme of things compared to the big players but they often get a lot of clients into smaller stocks for a quick gain.
I think the mention of 88c might be their 'get out' price.
The big question with PGL at present is whether they can 'engineer' something better regarding a possible M&A which might offer shareholders more then the $1.10 cash holding value.
ie a bigger entity might offer a share takeover valuing at the $75M odd cash, PI-88 etc IP and other Progen assets such as the Laboratory at Darra at $1.10+ per share.
so whats the plan here, page-4
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Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.64M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 43.5¢ | $69.31K | 159.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 788030 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 95406 | 2 |
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| Last trade - 15.48pm 28/06/2024 (20 minute delay) ? |
| PGL (ASX) Chart |