pgmo oopsy..

Well, got in a tad of bother Monday when I moved the oppies too far too soon.

As you all know they were just released and I have been picking them up, wanted my last 100k and parked at 3 for a while, got bored of waiting so took the 4's and some 4.5's.

Its a long term play, well 12 months, so 1 or 2 cents mean nothing.

Seems the ASX do monitor 1 thing, 50% moves in a day.

Have since had to explain my actions to ASX and my broker.

I explained as they are new options they havent found their market price yet, so who is to say that I moved them too far too soon. Explained also PGM can get back to 38-40 pretty quickly, as she does, which makes 4.5 fair value.

They seemed happy with that so I get to keep the extra 100k.

Never had that happen before, but I've never moved a stock 50% before either.

Just thought I'd share that with you, and give Igoitz, and the PGM'ers something to read at least.

Regards,

TCG