trading today, page-4

DJ1

I don't know obviously. All we can go on is recent events. I guess it does pose a few questions;

Why are they doing it?
Who are they?
Are they involved in current PLV negotiations and in effect trying to keep the price as low as they can?
Is it just someone looking to gain a larger % knowing that there will not be too many more shares issued?

As I say who knows?

All I know is that its been a deliberate approach and motive now for 'weeks'
It should hearten current holders as they definitely want in.

Remember too there has been at least 4 broker reports we know of released over the last couple of months...so the interest is there.

I thought a finish of 60 cents last week was an excellent result considering the blatant and continual manipulation.
The volume today demonstrated continued interest.
1.6 million traded. More than 1.3 million traded 60 cents or above...until 30 odd minutes before close.. surprise surprise ;)

The close this week will be interesting. Company meets this week (anyone know when?) to discuss the offers that closed September 30.

PLV hit $2.50 nearly 3 years ago. Its way off that. Its now only a few cents off its 12 month high of 64.5 cents or thereabouts.

In days PLV should break 12 month highs...
Now before anyone starts saying woohoo!...the 12 mth high is getting lower anyway, so it has as much to do with the poor 12 month performance of the company and ramifications of the selldown (GFC related I understand) by 2 funds (as documented below in the recent Intersuisse report dated 30 September 2010);

"The reason for the large fall is that two major institutional holders closed their funds and
had to dump the stock on market".

PLV could actually go down and still be around/above 12 month highs so regardless of the manipulators it will be hard to keep PLV off the 12 month high charts.

Theres news coming on a number of fronts and the expected continued drill results from the 2 rigs on Irvine.

Should be an interesting weeks trading ahead.