todays trading, page-8

buy volumes suggest 10c very likely soon after or at the open, push through to 11c but then drop back to the mid to low 9c levels if previous trading patterns continue. There will probably be a fair bit of day trading in PRR today and the options still lagging the heads ( by .008c as I type)and without any premium suggests the market is not convinced the higher heads prices will hold. If the heads hold 10c and can stay there without dropping back and the options get to 8c, the options should firm up and start holding a premium over the converted price. If 10c forms as the new base for the heads, the options should typically settle around 8.4c to 8.5c but that hasn't been the happening to date.
I imagine the company has the response to an asx price and volume query already prepared, lol.
Hope to see it trade up towards 15c during the week which would be a good level to launch from when any news comes out about the American side of things.