I agree , I think that someone wants to clear out a lot and its being bought in but they are placing large parcels as they can get it. There were 2 cross trades one of 2 million and at least 1 of 1 million. Plenty of players with a million or more shares so I reckon that last years placements really went to individuals with deep wallets - they probably dont have the same journey we have had with this and are selling portions of their stake...
Dont blame them if I had received a parcel for 1 million @ 53c and could offload half of that at for $385k then my net investment drops to $168,000 and 500,000 shares that a great risk reducer.
I still think this company will fly once its breaks through the $150 million market cap...
The one company that would have the client base invested here that could do this would be Bell Potter...
PGC Price at posting:
77.0¢ Sentiment: None Disclosure: Held
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