Was a good call that one, I said a little consolidation here just because the entitlement has only just finished.
The 1 for 8 entitlement will seemingly have gone to larger holders because for smaller holders it was probably such a small allocation that many would not have bothered. So most of the bigger holders will no doubt be quite sticky, as well as the underwritten placement being tight as well. We will no doubt have some news flow to come soon to get holders excited again, and for the market to jump aboard at a low MC.
So I,m just accumulating some more here for a hold into next year.
PAK Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
