JX doesn't mind if it cripples the price, that has been obvious for the last two months. They would be in profit on the recent raising... They got rid of a lot of volume above 1.3c-1.8c. It's in their interest to have a low share price because it makes it harder for CDB to raise at a price that is not dilutive.
So the pressure is commit to selling tailings at a good price and we get a deal over the line. They could have committed funds to finance the project. They want a cheap price and don't care about the long term dilution of the company.
No real negative information has come out. Even if it goes lower it's progressively easier to average in.
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