The overall soft market and the overhang from the recent placement at 0.37c has created a ST buying opportunity .
The stock was as high as 45c and very strong before the placement and acquisition of LR instruments
LR should add quite good numbers to the EBIT in the 2nd half and allow for an increase in overall earnings and dividends
The placement and acquisition allowed for Debt to go down , revenue and earnings per share up which in my opinion PGC is now ready to re test the high 40s again in coming weeks and is a good time to get on board.
I included PGC it in my Feb Hot Copper selections and look forward to getting another cup against my name when it rallies .
PGC Price at posting:
35.0¢ Sentiment: ST Buy Disclosure: Held
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