Frankly, if the institution shares come on tomorrow, I am very much doubt that they will sell out for just 2c profit. It just not worth their hassle. I think it great instos are coming on board as PNA shareholder and unless we'll see China economy collapse overnight, you just got to ignore the short term share price trading.
Until mid of June when the entitlement are taken up and all sellers sold out of their holding which they bought above 30c, we'll continue to see low 30's trading range. But don't be surprise if instos are accummulating at low 30's.
PNA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
