why dump on close, page-5

Palace Resources recently announced that they would have a 3 for 4 options issue for any one that held these shares as of the 26th of february which was the main reason for the price rise as to be elligible for the entitlement u needed shares. I expect the shares will drop more on monday prob to sit back down near where they were b4 the announcement. I expect the options to sit around 20c once they are issued meaning at a 3 for 4 issue amount any purchase of shares below about 38cents was a bargain.