Whilst the close at $0.285 was disappointing, the VWAP of the days trading was over $0.295. A large proportion of those who wanted to get out at $0.29-$0.30 range have probably gotten out. The next couple of times the share price runs up above $0.29 (possibly on Monday) should mop up the remaining.
On another note, the last couple of qtrs PAN has issued scrip to suppliers at c30-40% premium to last traded price on the last day of the qtr. More of the same on Monday?
The supplier who was issued c3.5M at $0.285 may feel encouraged to get more shares given the recent trend in share price.
buying is on, page-7
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