PZC pan asia corporation limited

6.6m coal seam significant coal intersection, page-6

  1. 67 Posts.
    positive announcement, but no buying on open. I think this spooked some ppl into selling it down, and then 20mins later we saw a few million in buys come on the screen at 3.5/6/7.

    The big buyers are likely waiting for the due diligence to get confirmed before they start buying. Its more risky in countries like Indo. Guessing if its sorted by Wed, we might see more green from that point. Dont think it'll take much to move the stock. Maybe the recent selling was triggered by big buyers trying to get set at mid 3s instead of mid 5s.
 
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Currently unlisted public company.

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