I think that it has done well to get this far but really I think that over the next few months a fair number of shares will come to market. In reality time and inactivity always draws sellers out. Today is mid July and in fact the deal has as yet not concluded so in reality its slow to consummate and that may well mean it will not happen.
I also note the sellers are slowly joining the sell side. I expect that this will drive the price back towards the 29 /30c mark whilst no news is released.
I think it has done really well to get here without a huge offloading. I dont expect it to run upwards unless there is news. Those that got in at 24c and under are on a nice profit.
PGC Price at posting:
31.0¢ Sentiment: None Disclosure: Held
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