hergerr, the damage to the company comes when it has to raise capital. Dilution of existing shareholders is obviously greater if the SP is $2 rather than $4.
Apart from that, everything you say is true. I'd go further - with the level of analysis that the supposed big 4 have it isn't surprising that they would come to similar conclusions at similar times regarding the state of the world copper market and its future, and all sell together. Along with a cornerstone investor also arriving at the same conclusion.
First out, least loss.
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