new research on pmr out, page-21

HP

I actually managed to have a chat to the broker and buyer of the 5.6%

The stock went to more than 1 buyer, but some fairly large lines went to a few individuals (i.e 5M shares)

I queried why they have not yet moved it to 18c, as it requires only a paltry $20-30k. They said they are awaiting the remaining 4 drill hole results in PMR and then will get started (I suspected a blackout may be in effect). He said it is their intention to promote, roadshow and support and get the stock to 20c+

IMO they realistically need to push it to 25-30c on volume to consider there holding of 8.25M shares in profit and saleable. Something tells me they are holding out for much more than 7-12c gain though

Given the bonanza grades at PMR and big indicators of sedex, should promote fairly well in the market

Hopefully some buying on the back of the quarterly to get back to 18c