PLV 0.00% 1.2¢ pluton resources limited

announcement, page-22

  1. 1,340 Posts.
    I think we need to temper our expectations guys (and gals). The sp tomorrow imo will be heavily dependent on the size of the J.P. Morgan overhang and their intentions. As a minor stock within a diversified fund, the decision by JP Morgan to sell its Pluton holdings is unlikely to be reversed in a hurry. Back in June they had (I think) from 6-7 million shares left which they were selling in the low 20 cent range. I'm not sure if they kept selling when the sp fell below 20c. So my punt, for what its worth, is we will will see the sp hover around the 20 mark until the JP Morgan overhang is cleared. For those lucky enough to have funds to spare (not me, unfortunately), fundamental analysis would support the view that this presents a short term but excellent buying opportunity.
 
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