the announcement states they will lift by 28th

First 22 Last

Share
Profile

Follow
m123456

1,334 Posts.

22

27/12/18

19:47

Post #: 36967657
Share

Originally posted by skint ↑

Originally posted by m123456
exactly skint. The price decline with this timing made no sense . Then managements stone cold silence basically lends to the assumption that something has gone amiss and those in the know are getting out, to which the market responds .

We will now shortly find out if those jitters were legit or if things are all well.. Either way it's disappointing prana waited this long to respond to the market but at least now they are... Fingers crossed it's good news but it's hard to be optimistic at the moment
Possibly m123, but don't rule out the simple possibility of tax loss selling in the US. The more the price nosedives, the more tempting it is for holders with some good profits elsewhere to sell, taking the loss against the profitable trades. This hold has stopped that, as long as it does not lift before the 1st. As US tax law stands, once sold, the stock cannot be bought back before 30 days and claimed as a tax loss. That is called a wash, and it is illegal to claim that as a tax loss. The sudden drop at the end, in particular, could have been tax sellers. It is unlikely the PBT434 P1 will be reporting any results before Feb, so PRAN would be a good candidate for US tax loss selling. All in my opinion and I am no expert.

Expand

the announcement states they will lift by 28th

PBT Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

C1X

iTech inks deal with Chilean lithium giant to progress Reynolds Range

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

CAF

IP anomaly thrills Cannidah with project extension hopes in QLD

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CMB

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

PCL

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 1 more message in this thread...

First 22 Last

Add PBT (ASX) to my watchlist

the announcement states they will lift by 28th

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

iTech inks deal with Chilean lithium giant to progress Reynolds Range

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

IP anomaly thrills Cannidah with project extension hopes in QLD

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Featured News