What I would like someone to put an even keeled response to is how can we expect shareholders to have faith in this project when the MD based IMO on only the information below seems to have less faith in this project than what did a year ago.
On the 01/02/2011 the ASX released the top 20 shareholders of PLV, in this top 20 were two accounts of interest to me being, Shoer Consulting Pty Ltdwith 3,433,750 shares and MS Fiona Shoer with 2,222,000 shares with a combined value (approximate share price at that time $1.05) of $5,938,537.50 see below:
http://www.plutonresources.com/index.php?option=com_content&view=article&id=244&Itemid=338
and now.....
31-08-2011 (currently displayed on the website) there is no sign of either accounts in the top 20 withe the 20th holder having 1,019,231 valued at todays prices $214,038.51 see below: http://www.plutonresources.com/index.php?option=com_content&view=article&id=14&Itemid=146
Meaning based purely on this information which to me are the only facts we can go by even assuming their accounts are holding $213000 each just below the top 20 or 2million shares combined that is an approximate 66% reduction in these two accounts. Add to that possible pie in the sky scenario, the shares recently bought by the MD recently were still looking at a 50% reduction in what seems to be the personal holdings of the MD and family. From a monetary perspective it works roughly closer to a 90% reduction in value from Feb 2011.
Not exactly all inspiring is it?
Would love to be corrected on this one?
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