Someone is in a hurry to get out today. It looks like the last of their stock. Lets hope.
There was only the one shareholder with the clout to push PM8 down after the resource upgrade, Resource Capital Fund, with a floppy 100m shares. They certainly don't need the cash - By a twist of irony they appear to be the major shareholder in Riversdale Resources, currently subject to $740m takeover bid from Gina.
A bit of support on the register would be nice. A vote of confidence, a strategic cornerstone investor. Perhaps Chinese....
Lets hope something good comes out of this sell-down
G'luck all
PM8 Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
