Time for a top up!25 Mar 2014 20:45
Interesting observation Bling, nonetheless its been battered by a regular seller of late and a few 10 and 20 grands sold here and there can easily drop this a bit each time (as do buys the other way).
As I've said before, it has to turn at some point soon, because its been marched down for some time now and could be picked up for a song at this SP. It's weird because unlike many, it actually has solid fundamentals, but the bottom remains a tough call until this seller stops ... or unless PTY finally pull their finger out and actually release an RNS or two this year about something they're up to on any front?!!
If I was more cynical, I'd begin to think there were games afoot here from an existing or new interested party to take a lump on the cheap, but only time will tell on that front. After all, us PI's are often used as fodder to finance companies through the difficult times and then shafted when they come good with some enormous placing or something. If however there are no games on the horizon, then the turn in SP fortunes can't be far off, so maybe your observations will be cyclical again this year too? Irrespective, I don't think they'll be far out.