RE: Why will shorters close?31 Jul 2024 08:51
The penultimate paragraph on page 152 states that a PG is required by one of PFCs customers and that if the PG is not posted PFC is in danger of losing the contract. The RNS last week stated that an 'alternative agreement' has been reached with respect to said PG (we don't know if the alternative agreement involved cash, that is just pure conjecture on your part). We assume therefore at least in the near term the threat of PFC losing the contract above has been abated. Again, this just highlights the positive nature of the RNS from last Friday and why the SP jumped almost 70%.