There has been a big seller offloading quantity since last Thursday at 47.5/48c.. I would say that This crossing, plus the other Mill, both at 50.5c, is the balance of this selling..
In the past when this has happened, the S/P has shot up 5/10c in the days following and this time should be the same.. The only difference now, that may put a lid on the extent of the rise is the number of shares on issue..
I believe that we will see a take over of PNA before years end..
PNA Price at posting:
$2.53 Sentiment: LT Buy Disclosure: Held
