It will continue to drop till Feb 19th or until all those who want to sell have done so,
My estimate is that DT's held around 20M shares on 6th Jan and that the Market Maker has been buying and transferring around 500k/day to the UK I If that is correct there are still around 10M shares left in the swamp, Some DT's may have decided to follow Pensana to the UK,waiting for the price jump after Conversion and the release of the Business Plan. Others are already preying on their fellow DT's in the hope of a last minute jump if/when the swamp is finally dry !
This is a great time for those Investors who recognize that the true "Value" of any Company lies in it's Fundamental Assets and Business Plan. Given the projected outlook for Nd/Pr demand / prices, it will not be too long before Pensana is generating more income annually than its current Market cap and with an EPS greater than the current share price !
PM8 Price at posting:
$1.35 Sentiment: None Disclosure: Held
