At a guess, I think it possibly might be a sophisticated investor or two selling down. I see in the annual report there was a cap raise of 100M shares @ 4c in June, so you can't blame them for taking profits. Even selling at 8c it is a two bagger. Someone please tell me if I have my facts wrong!
As much as I would like to be taking my first stake in the company now at these very attractive prices, I can't see this selling pushing the price down too much more before buying volumes start pushing back up.
PGO Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
