Yip they sure are.
The initial price that pushed us to 7.5c yesterday was for a trade of $1,000 ... who does that... Unless you're trying to break the technicals for accumulation.
Its really starting to get quite frustrating, I wouldn't mind they were doing this while its in the teens, but at these levels its probably making current holders nervous (which is exactly what they're after - lose hands) and future holders wary.
Ann: Institutional placement-PEH.AX, page-14
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