Yes but I think that all the trouble in the first half of 2014 cane from the November / December 2013 placement which was done @37c. I know that the big exit in June was one of those wanting to get out and take the loss in the last tax year.How many will have held on to recover their cost I have no idea.
I study buying volumes @ prices - mostly retail players don't like losing money. So I record the larger events not daily trade. I cannot tell you how many were sold to what I would call retail trade but I think it would have been a fair amount.
It will be interesting.
PGC Price at posting:
36.5¢ Sentiment: None Disclosure: Held
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