In the scheme of things there has only been approx 29M shares sold in the last two days which is not huge now when we consider the number of shares on issue.
It caused a drop in the SP from 2.7 to 2.3c but now we have an on screen sell depth of 23M from 2.4 - 2.7c and 36M just to get back to 3.0c.
I know these sell orders can be "rubbery" but a lot more fire than the proceeds of selling 20M+ shares at 2.5c is going to be needed, so I don't totally buy the story your source is spinning to you.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held