Clearly we will see in the next hour or so if the bid is fair dinkum, if so, it may suggest the accumulator has gathered their fill and this could be a strategy to boost momentum while increasing the value of their overall holding which judging by the bid order could be fairly sizeable. Should this happen it may also attract traders who may notice the momentum shift, and they may also climb aboard based on the price action.
Just some random thoughts, wouldn't it be nice...
PYC Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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