Stagman - very insightful. As a past member of that very fraternity, this indeed was a common practice.
I will only post a few comments:
Not sure why everyone is reworking the financials to any extent - they have largely remained unchanged from my modelling
Fundamentals for PGM remain the same if not better in my opinion
As to the selling - well as a matter of interest PLA fell from around $1.15 to 90cps in two days on a most ridiculous non-announcement in my opinion. Well everyone was in a panic. What have we found out today - in all that terrible depth and supposed selling, someone insto managed to increase their holding by 3%. Funny that - well not really.
Sit back - wait to see what Xstrata say - then you will have more real evidence.
Finally - if Ralph, LL, Sean and everyone else is comparing the size of their profits - well i doubt anyone here would have my holding and an average price entry of sub 15cps. So whilst my book has reduced by 15cps in recent days, i'm still 300% + up!
Promise not to post again until after Xstrata
NKP Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held