spot price now AUD$1584, there should definitely now be a bidding war for pxg, anyone with half a brain can see there is so much profit to be made from the 1.1m oz reserves pxg has, there is no way either party will want to let a chance like that slip for a mere few million dollars when pxg is worth $1.7 BILLION, who knows I wonder if NST could launch a bid for pxg to top the 2 miserable offers.
the SPI futures is down over 100 points , come Monday every sector should be down EXCEPT gold, maybe finally the smart money will come into this sector.
PXG Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held