PLA might be -3.95% down today but the share price was always...

PLA might be -3.95% down today but the share price was always going to catch up with what markets did yesterday, i.e. mirror their falls.

ASX 200 currently down -1.85% (-1.05% yesterday)
ASX Mining sector down -2.75% (-0.8%)
Aquarius Platinum down -3.15% (-1.5%)

Miners are down -3.55% in the last 2 days while PLA's stablemate AQP is down -4.65%. AQP tends to be a good benchmark and PAL is fractionally ahead over the last 2 days. The story was similar in London earlier with other plat miners having slightly bigger drops:

Aquarius Plat -4%
Jublilee Plat -5.5%
Eastern Plat -3.7%
Platinum Aus -3.2%

Seems clear to me that today's drop is mirroring the wider sector rather than reacting badly to yesterday's placement news. And that bodes well for PLA for when the markets pick up where they left off. I'm just annoyed I topped up last week at 0.88 rather than 0.84 today!