Markets are nervous, I know of one Padbury holder that had in excess of $500,000 tied up that he has been trying to get out of since the JORC announcement.
I imagine there are many more like him that lost faith that their easy buy before JORC sell at 6 cents play would ever eventuate.
These holders might of been willing to meek out their holdings in a strong market but could well be swallowing the bitter pill with the negative sentiment that has creped in this week.
PDY Price at posting:
2.4¢ Sentiment: Hold Disclosure: Not Held
