Firstly and perhaps the most importantly The 94c was around August 5 to August 10 2017 just when PIE became a substantial holder and on August 7 5.99 million traded. So in fact most of that hype was PIE buying into the company. That's the way it looks from the data so its probably that the company was suffering the reverse of what we have had recently a scarcity of stock as no-one would sell. Now we have had a committed seller and the price drifts down. That has always been my concern this stock - there isn't the capacity for large volumes...
Personally having discussed the issue of boutique funds with a few people - This isn't sexy enough, most brokers see this as a simple aggregation and have been steering clear of this sector - far more sexy places elsewhere. Lithium ...
The period to peak was very sharp look at the chart
PGC Price at posting:
76.0¢ Sentiment: None Disclosure: Held
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