Who is buying the shares being sold by JPM?
Could it be that the Chinese investor which could not get approval for taking up the share issue has found a way to buy on the market.
Could it further be PLA has a more strategic relationship with JPM to get some of these shares to the interested Chinese investors or Investors so we do not get notified of a signiifcant holding.
Yes its just speculation, but I see the JPM selling as very strange. JPM could make significant profit holding onto the shares and take advantage of;
1. Confirmation of Rooderandt prospecting license.
2. Strategic purchase to increase Smokey Hills mine life
2. Improved resource base in final BFS for Kalplats
Therefore I see something more strategic in all this. 2010 will be a very interesting time for PLA and I think also that Soros knows something about it.
BR
Max
- Forums
- ASX - By Stock
- up on a downer, is this the end of selling
Who is buying the shares being sold by JPM?Could it be that the...
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online