This guy thats just doubled his holdings in PSP, Jolpie Wijaya certainly seems to have had a colourful history to say the least!
And as you say he must and probably had before a heck of a lot of money! And some serious connections in Indonesia and Asia.
I wonder what his intentions are with holding so much stock in PSP?
Merely to provide capital and get a return on that? I wonder if he plans to continue to support the stock?
I see that in the sub holders we have ANZ and Merryl Lynch and no BOA but they are tied up with ML some how?
Only 506 shareholders and 124 are bigger holders.
Not sure what to make of all the political side of things with this one, management seem to be in Indonesia most of the time from what I can work out at least.
In the short term all I'm looking for is some really nice gold and copper hits in this drilling program.
All the modelling so far suggests they have got some nice ground to be digging in!
PSP Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held