A number of big volume days sub 1c earlier in the year, and some 273m of 367m Ordinary Shares @ 1c per share under a rights issue were issued in the last couple of days.
Volume picked up in the last two days so hence my take on it as predominantly profit taking from the 1c right issue to lock in profits of 70% +. Maybe some more of this when the shortfall shares are issued too.
I still think anything below 2c is a good risk for the potential reward.
Ann: Change of Director's Interest Notice-PLP.AX, page-81
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