"But the price keeps going south and is 7.6c now.
Can any experienced poster give/suggest reasons for this strange behavior?"
For me the strange behavior was people buying at 8.7c, on an announcement that is just confirming what was already expected.
Stocks never go up in a straight line. Healthy pullbacks are well... healthy.
I suspect we will see 10c or more before results, but maybe not. We will see.
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