Yes exactly the current uncertainty regarding the innovation west acquisition is what is causing the share price to slowly drift down. Locking this in will provide some certainty as to the direction the company is going.
Also some further on market purchases by all directors and not just Athanasios Lekkas who previously bought in feb would be a good show of belief in the companies direction. At these very low prices it would have the potential to provide some momentum leading into announcements such as the innovation west procurement or jorc updates which will really see the share price moving. Obviously if there is substantial announcements are in the wind then this will not be possible due to listing rules.
So ideally we will hopefully be hearing something in the not to distant future!
PZC Price at posting:
26.0¢ Sentiment: ST Buy Disclosure: Held
