Perhaps an early call, but the post-rights sell off might be done.
Now a full hour since the last trade at 8.7cents (11:42:10 AM) and the buyers are just starting to return.
Volume so far today of 5,571,817 marks about 60% of the rights which were traded on the market. Someone's made a small packet - but now back to the main show.
I had predicted there might be an overhang issue, but perhaps it's already been gobbled up? Just got to clear up the 2.5m sitting at 8.8-9.0cents and then I'll be happy we're back on track.
Cheers
Gus
PLA Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held