Ann: Investor Presentation, page-39

My two cents worth:

a) there is a large seller about.We dont know who or how many. But we do know investors sell for a wide range of reasons, but they only buy for one reason. There is unlikely any information content in this investors sell decision, esp. not in this environment. They probably do not know something the rest of is dont.
b) the on-screen depth is irrelevant. the seller is hovering off the screen, as are a large numbers of buyers. However, we wont know when the seller is finished, except that lovely gap suggests it'll settle higher very quickly, unless some traders take a quick profit from the current cheap shares being unloaded. Either way, fundamentals always reassert themselves and sell downs are almost always buying opportunities. The shareholders who know the most (Mgt, Roberts etc) are not selling.
c) if you havent already, go and watch the 40m interview with Alex and form your own view as to the outlook of lead and the likelihood and timing of the debt financing the mine needs to move quickly into production.
d) New traditional cars need lead batteries. Old cars need batteries replaced. The new generation stop/start cars need to replace batteries even more often. EV's need lead batteries. Traditional sources of supply are falling. Draw your own conclusions.
e) Patience and confidence in the original investment thesis (regardless of macro gyrations) and management who's skin is in the game

GLTA