It appears the large selling of the last 6 weeks is coming to an end Caketin , the offer is now looking quite thin and the 0.23c seller that probably paid 0.37c in the placement has ceased. High volume at this level suggests we are at a bottom and I realize the smashing does hurt momentum , the buying over the last 3 or 4 sessions seems to be ongoing and the seller done as they are no longer hitting the bid.
I think as we saw on PGC a year or so again a strong move up in July and August if the company does meet its forecast and maintains its dividend
If there is no acquisition or debt to be repaid might be a good time to consider a buy back now in my view whilst it is 50% below the price they raised the cash at
PGC Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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