a good storm.
the only person i can attribute the 5 million shares too is the guy who bought shares on the 8th and 9th of november - it was during this 2 week period whereby pax formed a strong bottom and a strong top leaving us in the trading range of 1.3-1.8c - i strongly doubt he will be selling any lower than 1.3 as he'll be at loss, also the DTR will block his trade any lower as he'll be manipulating the shareprice. This explains why he is in and sitting there and cant move. For all we know he could be the one buying the 1.4's now. this is just a little bit of noise IMO.
One thing to take into consideration is PAX jumped to 3.9c after the capital raising @ 2c on the news of a carbon tax.
When the carbon tax actually gets closer, pax should move slightly higher as new investors hit the table will be looking to capitalise on the carbon tax pricing or simply hedge their other positions in case other high carbon intensity stocks take a dive.
This month should be the moment that patience gets rewarded.
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