The SP movement and ramp down talk by some, are in a period where no new announcement is out. As we all are aware, it is not surprising, as it is part of the trading game to scare and make money.
Let's not forget that since the lower SP, preliminary good news on trenching results have been released. It is not drill assay, but nevertheless very promising findings were reported.
IMO, TA is all over the shop on this one probably due to a few deep pocket traders dominating trade in a small market cap stock, with unsuspecting investors getting in expecting a quick profit and getting out again, maybe through sheer panic or stop loss strategy... but one should consider the FA to date (NOT JUST TA ALONE), outstanding preliminary findings were reported.
Only thing is to wait for the drill assay...roll the dice, if it is outstanding results, I am sure nothing will stop the share price surging higher.
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