Ann: 6M AT 32G/T GOLD FROM FIRST DRILLING AT KOUNDIAN, GUINEA, page-80

IMO these instos who bought in at 8c for the CR and probably selling now look to be capping the price and hoping it falls back to around 8-9c due to tax time sell offs. It looks like they plan to buy back in and do it all again. This cycle could keep continuing...
PDI management may have other plans though. If they can keep these drilling results hitting the market weekly for the next couple of months until we see the Maiden jorc, we should continue to see some high volume come in! Especially once July hits and if gold is continuing its good momentum.
maybe the cappers might be caught out and get left behind or be forced to re enter at a higher price around 20c for example.
either way, we are sure to get a new base and support level in the second half of the year IMO. Too many things have changed in the last year since the last bull run. Huge positive steps and de-risked assets throughout our region. The quality and size of the drill data we have seen at our existing and new nearby projects is crazy in such a short period of time. There has been little rest!