Looks like yesterday's action was the final leg of the 'tree shake' (near term), and the strategy is now being played in reverse.
Classic stuff. From weak hands to strong hands - as they say!
If you're a holder then you've got to remain confident that management will deliver on the new strategy. Hopefully in two weeks (or less) we will get a much clearer picture of how things are shaping up (as well as what has happened at Smokey Hills since March 23).
In the time in between now and then the big end of town is likely to have they're way with the stock and play the smaller punters!
Gus
PLA Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held