GPASAS, I don't know who is selling but it must be a big holder.
I hope this doesn't reflect that someone knows the plant is broken down and is acting on the prefential knowledge. Given the lower market cap and the relatively higher cost of breakdowns I think these should now be advised to the market and staff prevented from acting on that preferential knowledge.
I admire your alturism in continuing to buy these shares. I suppose you are doing it to support the ongoing operation of the plant for the benefit of the staff, company and company supported Defined Benefits super fund. I can't imagine it is for mere personal gain as I don't envisage this company paying a dividend before it closes down. Well done.
I prefer to donate to the Salvos.
The share price has held up well in recent months and this long period with the price in the 20s has given those who need the money a chance to exit.
I think it will be difficult now to raise any cash from the equity market when the plant next needs major repairs. This is a pity as the staff are doing a wonderful job keeping alive some old skills.
Bacci
PSH Price at posting:
22.0¢ Sentiment: Sell Disclosure: Not Held
