From what I know, they weren't very impressed with the PFS and they weren't willing to wait for the longer term.
Most of the Instos usually don't like to wait for too long and they are not willing to take any risks. So, as the PFS was released and it included something that they weren't 100% happy with, they would have decided to dump their holding, while of course taking the advantage of realising Tax Losses for the end of the Financial Year.
Anyone that believe that once an Instos is invested in a Company is in for the long term and willing to ride the waves like many of us long termers, IMHO they'd better do some proper homework on how these people are investing and operate.
PLV Price at posting:
25.2¢ Sentiment: LT Buy Disclosure: Held
