up on a downer, is this the end of selling

PLA finished up 2.67% on a down day yesterday, and as usual did nothung in London.

So I checked to see where we are with regards to JPM selling, and far as I can determined there is still a month to go before JPM finish selling if they intend to liquidate their JFCP a/c entirely.

As of notice on 13/11 when they announced that they had ceased to be a substantial holder on 11/11 with 4.96%.

Of their 15.6m shares at that time, 6.8m remained in their JFCP a/c. Average sales, by them, appear to be about 250,000/day, which would mean a further 2m sold since, leaving 4.8m, which is about 19 trading days, if they totally sell out.

Which begs the question, who is accumulating?

With production at Smokey nearing capacity, and Kaplats having a positive pre-feas, could make for interesting times, particularly if PGM prices hold up.