The Windimurra resource is in the hands of an entirely new company these days than when the original contract was awarded to Penrice so it would be treated as a new tender. The company would not be obliged to advise the market each time it losses a tender even if it has a history with this development.
The weakness in the share price at the moment is a bit disconcerting with the interim result due shortly. I do think we are going to see a few more panics in struggling stocks at times like this now that boards and insiders have recently had to publicly acknowledge the details of their restrictions on trading prior to profit reports. That said though, there is a history at this company of increased volumes being dumped when a bad report is on the way and that seems to be happening again at the moment.
GPASAS
PSH Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
