Whilst we're waiting for something to happen, kind of like watching the grass grow atm, I'm going to publicly air a guess that occurred to me within the past week:-
- there have been no official ASX releases / updates for a while now (other than the Russian deal) because the market is waiting for hard & fast sales information, and whilst it is ramping up and the groundwork is being put in place for a bumper end of this calendar year, there is nothing to report at the moment.
- there have been a few large buy orders appear recently, including the one that was taken out today (300,000 at 13c) ... my guess is that it is the directors (probably Ben Dillon and Robert Hunter) who are both lapping up shares at low prices because they know how much they will be worth in the near-term-future and helping us by adding buying support to the market depth.
Based on today's transaction, there should be an ASX release regarding director share movements within the next few days ... just a guess!
Cheers.
p.s. if I hadn't already done so last time the PLT SP went south, I'd be madly accumulating atm ... instead there are 3 other shares on my hit list (so many bargains out there, so little spare cash to pounce with)
PLT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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