Who the hell is selling? Maybe people who bought in at 30 cents on the last MOU and are taking a tax loss at the EOFY. Just a guess imho.
You and me might agree its a long term hold and a worthwhile investment, but different people have different timelines and risk profiles, so others trapped at around 30 cents might see this SCA as a good time to sell into the announcement, offload and take a loss for tax reasons. Never assume everyone thinks (or should think) like you.
Ann: FBR signs Strategic Collaboration Agreement with GP Vivienda, page-61
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