The upside Joe is of course these sophs have blown there doe...

The upside Joe is of course these sophs have blown there doe filling up our coppers, and then sold to you and I and other holders with a longer term view at a massive loss. It didn't do the share price any good of course, and if you had intended selling anytime soon you would curse them. But, I don't and this will all have been forgotten in 6 months as long as the price rebounds into the mid 30's. It's an opportunity I didn't expect and was about to delete PGC from my watch list. The same thing happened over at my old torturer ACL where I unexpectedly got to buy a lot of stock in the low 30's 6 months ago, it's nearly double that now, as will be this.

The lack of volume on a modest rise these last few days of the financial year suggests to me the long term holders weren't as spooked as I thought. There will be a big void of sellers in the 25-45c range that would have been a dreadful overhang, it seems likely those still holding are expecting much better returns, probably helping mopping up the selling until 30c was breached, then doubting themselves a little. A quick rebound to that price will reassure them. Technical traders will also be long gone. The risk is from those who helped prop the price at 23c.