Really, remember PCG was at $1.10 a little while ago ? all they need is a few contracts and sp will rocket. New contracts in Mid East will take time but opportunities abound. Infrastructure projects in the 100s of billions are going ahead. remember their contracts in Kazakstan etc are just on hold - future profits there are assured, which is why they are being gobbled up. l agree with management - do not sell at these prices. Sold MIM for $1.70 to Xstrata and its value would be $10 now. in any case offer will need to be over $1 for sure for this to go thru, but the market does not think it is a goer otherwise price would be trading over 90c now. l would not buy at this price either as it will fall if no t/o. they warned traders to be careful, best to just hold and watch on this one.
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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