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PSX 0.0¢

taking a breather

  1. After some frenetic activity over the last few days (30m+ plus shares traded in last 2 days from 62.5m on issue), PSX looks like it is taking a breather.

    Could it go for another run up? Seems to me there is alot to like about their latest announcement.There are alot of big statements made here :
    * $US22b market by 2005
    * 25% or $US5b achievable for technology
    * potential domination/monopoly of this business
    * $US1m up front fee
    * royalty stream expected to be very substantial

    and the MOU is with CANON.

    Worth some serious thought on the anticipated potential, and at current 16cent price could be a good entry.

    Note: I have been wrong before.

    Nickd

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