Obviously the market sees the situation as a double edged sword.
Good for PGM prices but not so good for the share price of Platinum Miners/Explorers.
The buyers seem to have retreated and the sell side BOT is having a field day.
I tend to think that (and this is stuff I have not researched - so only a gut feel;
1. PLA is still apart of an index of Platinum Miners and is there being pulled down by the general negative view of the industry?
2. Someone is taking up the strategy whereby they are short selling Platinum Stocks and then buying PGM EFT's?
3. Holders/Investors of PLA are now sitting on the side-lines and taking a wait and see approach - that is waiting for the outcome of the 'Owner Operator' change over?
Hopefully we can get some clarity soon.
Got to run.
Cheers
Gus
PLA Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held