PCL pancontinental energy nl

0.00%

1.1¢

when the dust settles, probably most of David Kennedy estate...

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rooey

663 Posts.

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30/03/25

01:11

Post #: 78467267
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Originally posted by Drswing: ↑

Wrapping up the last two weeks (since wds announcement) in terms of volume changing hands:

Week 1:
Mon: Halt
Tues (18March): 218m units (approx). - close of 0.009
Wed: 50m units (approx). - close of 0.008
Thurs: 50m units (approx) - close of 0.009
Friday: 12m units (approx) - close of 0.008

Week 2:
Monday (24March): 39m (approx) - close of 0.008
Tuesday: 47m units (approx) - close of 0.008.
Wednesday: 72m units (approx) - close of 0.007.
Thurs: 54m units (approx) - close of 0.008. (possible capitulation)
Fri: 13m units (approx) - close of 0.009.

In the last two weeks of trading, a grand total is 555m units have changed hands (so far), out of a possible circa 8B units on issue - a total of $4.609m AUD, approx 6.94% of all units changed hands (ie 3.5% sold, 3.5% bought). As you can see from the Thurs and Friday trading, it appears there is some support/buyers entering at this level - which could make sense. To put this in perspective, for 6.94% of all SOI, to cause a 50%+ drop in sp/value is something you don't often see. It's indicative of major holders largely not selling. The top 20 last time I checked controlled circa 42% of all SOI - which is a fairly strong register.

Looking at it holistically, It screams overkill to me, but could also have created some overhang of traders that are now trapped (tax loss selling coming up in a few months also). Keep in mind, none of this matters if a farm-in is secured in a timely fashion & drill timelines put in place; and certainty of a path forward is restored.

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when the dust settles, probably most of David Kennedy estate caused the selling and that was split to beneficiaries. Let's face it they probably don't give a sh#t about PCL and have just cashed in. Will be interesting to see the latest top 20 in a week or so.

PCL Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $89.50M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$4.434K	403.0K

Buyers (Bids)

No.	Vol.	Price($)
11	2589134	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	2764387	8

View Market Depth

No.	Vol.	Price($)
11	2589134	0.011
18	14457710	0.010
21	8475800	0.009
21	5502862	0.008
7	2409691	0.007

Price($)	Vol.	No.
0.012	2764387	8
0.013	3509261	7
0.014	2122742	5
0.015	1371302	5
0.017	965254	5

Last trade - 15.59pm 20/06/2025 (20 minute delay)

PCL (ASX) Chart

when the dust settles, probably most of David Kennedy estate...

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when the dust settles, probably most of David Kennedy estate...

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