Pensana's top 50 shareholders own close to 80% of the shares, plus other long-termers (such as some of us here) would take the LT holders to somewhere around 85 -90%.
In this last week and a bit of the quarter, that leaves mainly the traders and momentum players dabbling in PM8/PRE.
This is shown by the daily volume on ASX and LSE where neither exchange has touched even the modest level of 0.5 percent daily turnover this week.
So the current daily trading is largely irrelevant to long term holders, unless you have some cash to acquire a few more.
UK and European institutions will probably wait until just before or just after the 30th September quarter end to resume stronger accumulation of Pensana shares in the lead-up to the Bankable Feasibility Study, which anyone following along can see will produce some very green numbers.
