PRU 1.57% $2.58 perseus mining limited

no gaps up or down. AU price spiked up friday night yet PRU...

  1. 2,060 Posts.
    lightbulb Created with Sketch. 1393
    no gaps up or down.
    AU price spiked up friday night yet PRU ignores it & flatline today
    but 5M volume accumulation mainly using HFT software by Instos at 33.25c.

    The Top 21 hold 86% of PRU, its very tightly held.

    We know that Van Eck bought 11M on market and Ruffer LLC bought 51M on market in the last few months.
    Now we are seeing over 50M shares changed hands in the last 30 days, so some big whales are accumulating PRU as low as possible with a cap on before Sissingue is commissioned in December and starts production in Fenruary.

    I estimate Sissingue is now 91% complete meaning all the main works like site roads, buildings, decline, pits, tailings and mine digs are all done.

    We are seeing a large volume accumulation at biannual lows. Sooner or later whoever is handing them these cheap shares likely another Insto will want 35-40c or even 70c. Great signs for the oncoming rerate.
 
watchlist Created with Sketch. Add PRU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.