Not sure of the reason but the Thorney fund (TOP) has been hit with some heavy selling today. Already about 7 times the average volume and was down 10% at one stage. Very unusual for a fund that move 1% a day most. They are a big holder of PAL but not enough to hit NAV that much.
To me it seems someone has had enough of the two of them and wants out at any price.
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Ann: Sale and Leaseback of Coolaroo Site, page-13
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