To add to your comments, this is an extract from my posting on PXUPA:
The 2 year scenario outlined by you (Blues 234) earlier won't happen because one of 3 things will occur within 6-24 months:
(A) PPX is taken over; (B) PPX falls over; or (C) PPX returns to profitability.
My personal reward/risk assessment is that all three of the above will result in a positive outcome for holders of PXUPA at current prices.
Today is just 80 days from PPX announcing details of the Dec distribution. The AGM is 21 October and nothing will happen before then, which is only 55 days before announcing details of the Dec distribution.
Unless PPX announces a trading downgrade soon, expect the Dec distribution.
Whether it is paid or not will decide which one of the three outcomes materialises.
It is really an exercise in perceived reward for perceived risk. I consider PXUPA less risky than 95% of the ASX for the next 6-24 months.
SRS Price at posting:
7.7¢ Sentiment: LT Buy Disclosure: Held
