Pensana moved up strongly on the LSE on Monday night to close at 120p = AU$2.12, a rise of 9% on moderate volume of 538,052.
Clearly the Brits and Europeans want to continue to accumulate Pensana shares ahead of the BFS, however they are having to pay for the privilege of adding to their Pensana holdings.
I suspect there may be some games played on the ASX today to try to con some Aussies out of their PM8 shares cheaply, if Aussie shareholders are not paying attention to what has happened on the LSE.
PM8 Price at posting:
$1.94 Sentiment: Buy Disclosure: Held