Instos are perhaps at the root of keeping it hovering around the (NAS) five dollar mark. we have the 'coincidental' situation that we are swinging a pendulum around five bucks on the nas perhaps as a launching point if results are favourable. Five bucks being the buy in point for instos or so i understand.
as for the never ending supply of shares, it must be said that this has been slowly staged to not upset the cart and lets be realistic, they have chipped away at incrementally higher levels(starting in the 20's) instead of pulling the rug from under shareholders like the placement post the long forgotten spike into the 30's some years ago.
It ends up being a judgement call for mine, is all this cash a war chest for pbt to push on alone(or somewhat), or are they hedging now just in case its all a fizzer leading into results.
Ann: Section 708A Cleansing Notice , page-9
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