It has hit the Cap Raise Price and is not even Ex entitlement yet. Underwriters will be able to factor in their fee for a margin of safety. So I guess there might be less desire for weak hands to sell at (say) below 11.5c, and the SP might mostly hold and bottom around there. If it goes lower than that I might be interested.
Obviously if the Euro crisis goes crunch - all bets are off.
A good one to watch.
My sympathies to all current holders. I think if I was caught with this one I would hold through the cap raise period - at some stage sellers will capitulate and the SP will start to turn around - darkest before dawn etc.
PLA Price at posting:
12.0¢ Sentiment: Hold Disclosure: Not Held
