Platinum now at 13.27%, up from their previous 12.24%
They have been in market again as one of the main buyers, but judging by the volumes there is now other parties actively soaking up stock also !
This leads me to think news is drawing nearer, as we are seeing interest from other parties too
Looks as though Platinum is moving to 19.9% regardless, but are happy to play the soak and accumulation game while the sellers are happy to fill them
Have seen they are happy to pay up and chase stock, with last week it hitting 22c
IMO they will continue to soak in the low 20's, gradually moving up when they aren't getting filled until CKA receive the final forestry approvals - that then is when the party should start and we can start to talk 30-40c
Remember previous takeover bid was 28c before the 340% JORC increase and other bonuses, so surely Platinum has no problem running this to high 20's if need be to get stock prior to newsflow
Just curious as to when the sellers and market will catch on
CKA Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
