Gents. There would seem to be an error this the dates on this notice as the last one was 2/3/2012! So if the figures can be trusted then they were able to off load these shares at the top of the last rally!
They then are responsible for killing the last rally for the rest of us and produced a bit more liquidity too.
I'd say they are just doing what fund managers do and reducing their risk profile. Remember it did look like they had bought some as part of the rights issue at 8cents. So selling at an average of 18cents looks good on paper.
Wouldn't be surprised to see them buy back it at around these levels in the future (or perhaps they are right now).
Someone might like to check if the volumes traded at and around 18cents at the end of march correspond to what has been traded here then we have out confirmation. As there only so much I can do on my iPhone!!
Cheers
Gus
PLA Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
