Very heavy volume this morning (first hour) - strongest start so far this week.
But the question now is - where have all the shares gone! Vacuumed up it would seem! There's not much evidence of recycling back on the market so far today.
Having watched the trading over the past three days my gut feeling is that there is now a very strong possibility of some type of corporate action (finally) about to take place. Though I would sill discount the idea given the level of manipulation in the past. But the game does look like it has changed.
As most long-term holders would agree, the current share price is still regarded as cheap and trading at a discount (deep?) to the assets and resources.
With record volumes of ~43m (8.5% of issued shares) traded Monday and ~108m (21.3%) Tuesday and already ~33m (6.5%) so far on Wednesday [Total: ~184m shares or 36.5% of issued shares], it would seem as if the market is not done yet!
VWAP so far today $0.094984 (Source: bell direct) which is above yesterday's high.
Gus
PLA Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held