Justification for recent drop?

[MCB]

Aware of any reasons behind the recent 15% pullback in share price? Jupiter's Feb 2011 investor update doesn't seem to hold any surprises. Tshipi Borwa still on track for H2 2012 production and sufficient funding in place to last until revenue generation. Faberge appears to continue to woo with its recent product releases and Gemfields still holding up with 50% share escalation over the last year. Is it all down to one of the larger investors liquidating their position?

[Wino]

Probably. Above average volumes last 3 days. Could not see number of trades.Not widely held by funds. Their story however still looks compelling so don't quite understand loss of patience. Maybe insider info?

[partridge]

if it was worth buying on FORWARD 2-3 year at 315 and nothing has changed then it must be worth buying at 271 - seems logical...?What IS clear is that sentiment has over come share prices in key areas. En Passant if you, like me, follow the art World then you will know that Faberge is building a very good top end position going forward. But , I think another rights issue is on the cards - look at the last financials...

[#4]

Partridge - you have been a passionate holder of PGL for some time. But your comments and observations have only pertained to Faberge. There are a whole lot of hugely capex intensive projects that PGL is involved in that will still require massive funding and high risk. This is the real story behind PGL IMO. I always watch this one - but I am a believer in the time value of money - so as soon as I see the price starting to strengthen - then I will jump on board, until then, I sit in the wings

[Dekka]

I am a believer in PGL but watch anxiously as the shares go ever downwards - any reason to ddump them??

[kwagga]

Need to confrm if this is not a dead cat bounce and then pile in. No reason to jump the gun on this. We could still test all time lows.

[Russ]

I can see the dead cat but where's the bounce?

[kwagga]

It's gone. The drop continues.

[partridge]

Skaaptjop,I don't hold any inanimate thing passionately - that is like building on a trainline. I don't see any real payback on this share for at least 2-3 years - Faberge notwithstanding ( which I think they might sell) - but you will have seen in my comment that I like you have not lost sight of the impending call for capital. it will come.

[kwagga]

There is your bounce. Now we wait to see if it consolidates or it drops below the last low.